Section 45-35A-52.12 – Notice of Bond Resolution.
Section 45-35A-52.12 Notice of bond resolution. (a) Upon the adoption by the board of the authority of any resolution providing for the issuance of bonds, such authority, in its discretion, may cause to be published once a week for two consecutive weeks, in a newspaper published or having a general circulation in the city, a […]
Section 45-35A-52.13 – Exemption From Taxation.
Section 45-35A-52.13 Exemption from taxation. The authority formed under this part, the property and income of the authority, whether used by it or leased to others, all bonds issued by the authority, the income from such bonds or from any other sources, the interest and other profits from such bonds enuring to and received by […]
Section 45-35A-52 – Legislative Intent.
Section 45-35A-52 Legislative intent. The revitalization and redevelopment of the central business district of the City of Dothan develops and promotes for the public good and general welfare trade, commerce, industry, and employment opportunities and promotes the general welfare of the city and state by creating a climate favorable to the location of new industry, […]
Section 45-35A-52.01 – Definitions.
Section 45-35A-52.01 Definitions. The following words and phrases used in this part, and others evidently intended as the equivalent thereof, in the absence of clear implication herein otherwise, shall be given the following respective interpretations herein: (1) APPLICANT. A natural person who files a written application with the governing body of the city in accordance […]
Section 45-35A-52.02 – Use of Phrases.
Section 45-35A-52.02 Use of phrases. (a) The following provisions shall be applied wherever appropriate herein: Herein, hereby, hereunder, hereof, and other equivalent words refer to this part as an entirety and not solely to the particular section or portion thereof in which any such word is used. (b) The definitions set forth in Section 45-35A-52.01 […]
Section 45-35A-52.03 – Filing of Application; Authorization of Incorporation by Governing Body of City.
Section 45-35A-52.03 Filing of application; authorization of incorporation by governing body of city. (a) The authority may be organized pursuant to this part. In order to incorporate such a public corporation, any number of natural persons, not less than three, who are duly qualified electors of the city, shall first file a written application with […]
Section 45-35A-52.04 – Procedure to Incorporate; Contents and Execution of Certificate of Incorporation.
Section 45-35A-52.04 Procedure to incorporate; contents and execution of certificate of incorporation. (a) Within 40 days following the adoption of the authorizing resolution the applicants shall proceed to incorporate the authority by filing for record in the office of the Judge of Probate of Houston County a certificate of incorporation which shall comply in form […]
Section 45-35A-52.05 – Amendments to Certificate of Incorporation.
Section 45-35A-52.05 Amendments to certificate of incorporation. (a) The certificate of incorporation of the authority incorporated under this part may at any time and from time to time be amended in the manner provided in this section. The board shall first adopt a resolution proposing an amendment to the certificate of incorporation which shall be […]
Section 45-35A-52.06 – Board of Directors.
Section 45-35A-52.06 Board of directors. Each authority shall be governed by a board of directors. All powers of the authority shall be exercised by the board or pursuant to its authorization. The board shall consist of seven directors who shall be elected by the governing body of the city for staggered terms as hereinafter provided. […]
Section 45-35A-52.07 – Officers of the Authority.
Section 45-35A-52.07 Officers of the authority. (a) The officers of the authority shall consist of a chair, vice chair, secretary, treasurer, and such other officers as its board shall deem necessary or appropriate. The offices of secretary and treasurer may, but need not, be held by the same person. The chair and vice chair of […]