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Home » US Law » 2022 Code of Alabama » Title 41 - State Government. » Chapter 10 - Authorities. » Article 2 - Industrial Development Authority. » Division 1 - General Provisions. » Section 41-10-24 – Issuance and Recordation of Certificate of Incorporation by Secretary of State; Secretary of State to Receive No Fees in Connection With Incorporation, Dissolution, etc., of Authority.

Section 41-10-24

Issuance and recordation of certificate of incorporation by Secretary of State; Secretary of State to receive no fees in connection with incorporation, dissolution, etc., of authority.

(a) When the application has been made, filed and recorded as provided in this article, the applicants shall constitute a corporation under the name proposed in the application, and the Secretary of State shall make and issue to the applicants a certificate of incorporation pursuant to this article, under the Great Seal of the State, and shall record the certificate with the application.

(b) There shall be no fees paid to the Secretary of State for any service rendered or work performed in connection with the authority, its incorporation, dissolution or records.

(Acts 1965, No. 662, p. 1187, §5.)