Code of Alabama - Title 33: Navigation and Watercourses - Chapter 16 - Coosa Valley Development Authority

• Section 33-16-1 Definitions
  The following words and phrases used in this chapter, and others evidently intended as the equivalent thereof, shall, in the absence of clear implication herein...
• Section 33-16-2 Legislative intent; construction of chapter
  The Legislature hereby makes the findings of facts and declaration of intent hereinafter set forth in this section. The construction of a navigable waterway between...
• Section 33-16-3 Authorization to form public corporation
  The Governor, the Lieutenant Governor, the Speaker of the House of Representatives of the State Legislature, the Director of Finance, the Highway Director, the Director...
• Section 33-16-4 Procedure for incorporation
  To become a corporation, the Governor, the Lieutenant Governor, the Speaker of the House of Representatives, the Director of Finance, the Highway Director, the Director...
• Section 33-16-5 Certificate of incorporation; no fees to be paid to Secretary of State
  When the application has been made, filed and recorded, as herein provided, the applicants shall constitute a public corporation under the name submitted in the...
• Section 33-16-6 Members, officers and directors; records of proceedings
  The applicants named in the application and their respective successors in office shall constitute the members of the authority. The Governor shall be the president...
• Section 33-16-7 Duties and obligations which may be undertaken
  The authority may undertake and discharge the duties and obligations set forth in this section as follows: In connection with the waterway, the authority may...
• Section 33-16-8 Powers enumerated
  The authority shall have the following powers: (1) To have succession by its corporate name without time limit; (2) To bring civil actions and have...
• Section 33-16-9 Contracts
  The aggregate monetary obligation that the authority may incur in connection with its contracts (other than contracts of the type described in the next succeeding...
• Section 33-16-10 Delegation of duties, etc., to other public corporations, agencies and departments of state
  Any duties and obligations of the authority which shall be delegated by the board of directors of the authority to the Highway Department, the State...
• Section 33-16-11 Construction, maintenance, etc., of terminals
  In connection with the navigational use of the waterway, the authority is hereby authorized to construct, improve, maintain and operate suitable and adequate river and...
• Section 33-16-12 Bonds - Generally
  There are hereby authorized to be issued bonds of the state in aggregate principal amount not exceeding $10,000,000.00. The bonds hereby authorized shall be general...
• Section 33-16-13 Bonds - Disposition of proceeds; investments
  The authority shall pay out of the proceeds from the sale of any of the bonds all expenses which the board of directors may deem...
• Section 33-16-14 Bonds - State Treasurer to pay principal and interest of bonds; records
  Out of any funds in the State Treasury that may be available for such purpose, the State Treasurer is authorized and directed to pay the...
• Section 33-16-15 Dissolution of authority
  At any time when no duties or obligations of the authority shall remain to be discharged, or when all duties and obligations remaining to be...

Last modified: May 3, 2021