Chapter 1 - Alabama International Airport Authority
- Section 4-2A-1 Definitions
When used in this chapter, unless the context plainly indicates otherwise, the present tense shall include the future tense, the singular shall include the ...
- Section 4-2A-2 Formation of corporation with ten individual citizens; selection of citizens
Any nine of the ten individual citizens of the state selected for such purpose pursuant to this section may become a public corporation with ...
- Section 4-2A-3 Citizens to present application to Secretary of State
To become a corporation, any nine citizens selected pursuant to Section 4-2A-2 shall present to the Secretary of State an application signed by them ...
- Section 4-2A-4 Public corporation formed upon filing and recording of application; certificate of incorporation; no fees or compensation to secretary
When the application has been made, filed and recorded as herein provided, the applicants shall constitute a public corporation under the name proposed in ...
- Section 4-2A-5 Members of authority; terms of appointment; board of directors; quorum; meetings; proceedings of board, reimbursement; impeachment; officers; State Treasurer as custodian of funds
(a) The applicants named in the application and their respective successors in office shall constitute nine of the eleven members of the authority. The ...
- Section 4-2A-6 Powers of authority
The authority shall have the following powers among others specified in this chapter, together with all powers incidental thereto or necessary to the discharge ...
- Section 4-2A-7 Acceptance, expenditure, etc., of federal, state, county, municipal and other moneys
The authority is authorized to accept, receive, receipt for, disburse and expend federal, state, county or municipal moneys and other moneys, public or private, ...
- Section 4-2A-8 Powers of state or any county, municipality, etc., for purpose of aiding and cooperating with authority
For the purpose of aiding and cooperating with the authority in the financing, funding, planning, development, undertaking, construction, extension, improvement or operation of airports, ...
- Section 4-2A-9 Authority authorized to issue and sell bonds; principal, interest payable from specified sources; bonds to be obligations of authority; form, terms, etc.; redemption; sale
The authority shall have the power and is hereby authorized at any time and from time to time to issue and sell its bonds ...
- Section 4-2A-10 Publication of bond notice; specific time after publication in which actions and defenses may be asserted against bonds
Upon the adoption by the board of any resolution providing for the issuance of bonds, the authority may, in its discretion, cause to be ...
- Section 4-2A-11 Signatures and seal affixed to bonds
All bonds shall be signed by the chairman or vice-chairman and the secretary or treasurer of the authority and the seal of the authority ...
- Section 4-2A-12 Bonds may be issued under and secured by indenture; Debt Service Reserve Fund
(a) In the discretion of the authority, any bonds may be issued under and secured by an indenture between the authority and a trustee. ...
- Section 4-2A-13 Proceeds derived from sale of bonds used to pay specified costs
The proceeds derived from the sale of any of the authority's bonds, other than refunding bonds, shall be used for one or more of ...
- Section 4-2A-14 Refunding bonds
(a) Any bonds issued by the authority under this chapter may from time to time thereafter be refunded by the issuance of refunding bonds ...
- Section 4-2A-15 Bonds as legal investments for state, public officers, public corporations, financial institutions, insurance companies, fiduciaries, etc
The state and all public officers, municipal corporations, political subdivisions, public corporations and public bodies, including the State Employees' Retirement System created pursuant to ...
- Section 4-2A-16 Investment of trust fund in bonds
Any trust fund, where the investment thereof is permitted or required by law, may be invested in bonds issued by the authority. Unless otherwise ...
- Section 4-2A-17 Exemption from taxation; exceptions
The bonds issued by the authority and the income therefrom shall be exempt from all taxation in the state. The authority and all its ...
- Section 4-2A-18 Exemption from laws from which certain other airport authorities are exempt; zoning powers; conditions on annexation of authority's airports, facilities, etc
(a) The authority shall be exempt from all of the same laws as airport authorities organized pursuant to Article 2 of Chapter 3 of ...
- Section 4-2A-19 Sale, distribution, regulation, control of alcoholic beverages; issuance of liquor licenses
(a) In addition to the definitions prescribed in Section 4-2A-1, as used in this section the following words and terms have the meaning hereby ...
- Section 4-2A-20 Participation by authority employees in State Employees' Retirement System
Employees of the authority shall participate in the Employees' Retirement System of Alabama, as defined in Section 36-27-2 which is operated for the purpose ...
- Section 4-2A-21 Disposal of lost money or property found on authority property
All money or property found at an airport owned or controlled by the authority shall be reported or delivered by the finder to the ...
- Section 4-2A-22 Regulation of parking on authority property
The authority may make and enforce airport rules pertaining to vehicle parking at any airport owned or controlled by the authority by imposing fines ...
- Section 4-2A-23 Dissolution of authority
The existence and functioning of the Alabama International Airport Authority, created and functioning pursuant to this chapter, is hereby terminated at such time that ...
