Code of Alabama - Title 2: Agriculture - Chapter 6 - Agricultural Center
- Article 1 Agricultural Center Board.
- Article 1A Garrett Coliseum Agricultural Center Restoration and Improvement Act.
- Section 2-6-10 Short title
This article shall be known as the Garrett Coliseum Agricultural Center Restoration and Improvement Act.
- Section 2-6-11 Legislative findings
The Legislature finds that the Garrett Coliseum and the Alabama Agricultural Center, hereinafter the facility, is a significant historic facility owned by the State of...
- Section 2-6-12 Annual appropriation
(a) Beginning in the fiscal year ending September 30, 2013, and in each fiscal year thereafter there shall be appropriated from the State General Fund...
- Section 2-6-13 Use of funds
The board may utilize the funds appropriated herein to accomplish the purposes of maintaining, restoring, renovating, and improving the facility as it deems appropriate or...
- Article 2 Agricultural Center Corporation.
- Section 2-6-20 Definitions
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-21 Legislative findings and intent
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-22 Authority and procedure for incorporation
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-23 Certificate of incorporation
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-24 Governor, Commissioner of Agriculture and Industries and Director of Finance to constitute corporation; directors; officers; record of proceedings
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-25 Powers of corporation generally
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-26 Conveyance of coliseum and lands of agricultural center to corporation by state
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-27 Lease of corporation's properties to board - Authorized; provisions of lease agreement
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-28 Issuance and sale of bonds of corporation
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-29 Execution of bonds
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-30 Pledge for bonds
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-31 Use of proceeds from sale of bonds
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-32 Construction of coliseum
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-33 Refunding bonds
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-34 State Treasurer to disburse rental payments
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-35 Notice of bond resolution; limitation of action to contest validity of bonds, etc.; venue of actions under article
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-36 Bonds legal investments
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-37 Exemption from taxation
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Section 2-6-38 Conveyance of properties to state; dissolution of corporation
Repealed by Act 2011-575, p. 1231, §30, effective June 9, 2011.
- Article 3 Lease of Coliseum Building and Facilities.
- Article 4 Alabama Agricultural Markets and Coliseum Corporation.
- Section 2-6-70 Definitions
As used in this article, the following words shall have the following meanings unless the context clearly requires otherwise: (1) AGRICULTURAL CENTER BOARD. The board...
- Section 2-6-71 Declaration of purpose and legislative findings
The Legislature has found and determined and does hereby declare that in certain areas of this state, there are inadequate market facilities available to Alabama...
- Section 2-6-72 Authority and procedure for incorporation
The Governor, the Commissioner of Agriculture and Industries and the Director of Finance may incorporate and organize a public corporation with the powers and authority...
- Section 2-6-73 Certificate of incorporation; fees
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...
- Section 2-6-74 Board of directors; officers; quorum; compensation; record of proceedings
The powers of the corporation shall be vested in a board of directors consisting of the persons at any time holding the offices of Governor,...
- Section 2-6-75 Powers of corporation - Generally
The corporation shall have the following powers, together with all powers incidental thereto or necessary or convenient to the discharge thereof in corporate form: (1)...
- Section 2-6-76 Powers of corporation - Issuance and sale of securities
(a) The corporation is authorized to issue and sell its interest-bearing or noninterest-bearing securities, in one or more series, not exceeding $6,000,000.00, in aggregate principal...
- Section 2-6-77 Powers of corporation - Execution of securities
All securities of the corporation shall be signed by its president or vice-president, and the seal of the corporation shall be affixed thereto and attested...
- Section 2-6-78 Disposition of proceeds from sale of securities
All proceeds derived from the sale of any securities of the corporation, other than refunding securities, shall be deposited in the State Treasury and carried...
- Section 2-6-79 Construction of market facility
The Board of Agriculture and Industries shall proceed with the acquisition, construction and equipping of the market facility as soon as may be practicable following...
- Section 2-6-80 Renovation of coliseum
The Agricultural Center Board shall proceed with the renovation and repair of the coliseum as soon as may be practical following the sale of the...
- Section 2-6-81 Refunding securities
Any securities issued by the corporation may from time to time thereafter be refunded by the issuance of refunding securities of the corporation, but the...
- Section 2-6-82 State Treasurer to pay principal and interest
The State Treasurer is authorized and directed to pay the principal of, premium, if any, and interest on the securities of the corporation as the...
- Section 2-6-83 Notice of resolution regarding issuance of securities; limitation of actions to contest validity of securities; venue of actions under article
Upon the adoption by the board of directors of the corporation of any resolution providing for the issuance of securities under the provisions of this...
- Section 2-6-84 Securities as legal investments
Securities issued by the corporation under the provisions of this article shall be legal investments for fiduciaries investing trust funds and for investments by savings...
- Section 2-6-85 Exemption of securities from taxation
All securities issued by the corporation and any redemption premium and any interest thereon, the properties of the corporation and any income realized from rents...
- Section 2-6-86 Dissolution of corporation
When all securities issued by the corporation and all obligations incurred by it under the provisions of, and within the limitations contained in this article,...
- Article 5 Garrett Coliseum Redevelopment Act.
- Section 2-6-100 Short title
This article shall be known as the "Garrett Coliseum Redevelopment Act."
- Section 2-6-101 Definitions
For the purposes of this article, the following words shall have the following meanings: (1) ALABAMA AGRICULTURAL CENTER BOARD or AACB. The Alabama Agricultural Center...
- Section 2-6-102 Public corporation - Formation authorized
The Governor, the Commissioner of Agriculture and Industries, and the Director of Finance shall form a public corporation with the powers and authorities provided in...
- Section 2-6-103 Public corporation - Application for formation; certificate of incorporation
(a) To become a public corporation, the Governor, the Commissioner of Agriculture and Industries, and the Director of Finance shall present to the Secretary of...
- Section 2-6-104 Public corporation - Board of directors
(a) The corporation shall be governed by a board of directors, as provided for in this section. All powers of the corporation shall be exercised...
- Section 2-6-105 Public corporation - Powers
The corporation shall have the following powers, as well as the other powers specified in this article: (1) To have succession by its corporate name...
- Section 2-6-106 Deed to coliseum
Commencing June 9, 2011, the Governor is authorized and directed to execute and deliver, in the name of the State of Alabama, an appropriate deed...
- Section 2-6-107 Lease of project
(a) Without limiting the generality of the powers otherwise granted by this article, the corporation is authorized to lease the project, or portions thereof, to...
- Section 2-6-108 Design, rehabilitation, renovation, etc., of coliseum
(a) The corporation or the AACB may enter into management, operations, or other types of agreements with public or private entities for the design, rehabilitation,...
- Section 2-6-109 Eminent domain
The corporation shall have the same power of eminent domain as the state. Such power shall be exercised in the same manner and under the...
- Section 2-6-110 Bonds
The corporation is authorized to sell and issue its bonds, not exceeding one hundred million dollars ($100,000,000), exclusive of refunding bonds, in aggregate principal amount,...
- Section 2-6-111 Refunding bonds
The corporation may sell and issue its refunding bonds, without limit as to principal amount, for the purpose of refunding any bonds of the corporation...
- Section 2-6-112 Execution, authentication, and delivery of bonds
All bonds of the corporation shall be signed by its president, and the seal of the corporation shall be affixed thereto and attested by its...
- Section 2-6-113 Sale of bonds
Bonds may be sold by the corporation in series, and if sold in more than one series may all be authorized in one initial resolution...
- Section 2-6-114 Form and contents of bonds; redemption
(a) Any bonds of the corporation may be executed and delivered by it at any time and from time to time, shall be in such...
- Section 2-6-115 Investment of proceeds
Any portion of the principal proceeds derived from the sale of the bonds which the board of directors of the corporation may determine is not...
- Section 2-6-116 Disposition of bond proceeds
All proceeds derived from the sale of any bonds, excluding refunding bonds, sold by the corporation remaining after payment of the expenses of issuance thereof...
- Section 2-6-117 Disposition of refunding bond proceeds
(a) The proceeds of refunding bonds shall be applied, together with any other moneys legally available, to the payment of the expenses authorized by this...
- Section 2-6-118 Trust fund
For the purpose of providing funds for the payment of the principal of and interest on the bonds issued by the corporation under this article,...
- Section 2-6-119 Pledge for payment of principal and interest on bonds; filing with Judge of Probate
In the proceedings authorizing the issuance of any of its bonds, the corporation is authorized and empowered to pledge for the payment of the principal...
- Section 2-6-120 Payment of principal and interest on bonds; recordkeeping
Out of the receipts, revenues, and income referred to in Section 2-6-118, the corporation is authorized and directed to pay the principal of and interest...
- Section 2-6-121 Resolutions authorizing bonds
(a) Any resolution authorizing any bonds under this article shall contain a recital that they are issued pursuant to this article, which recital shall be...
- Section 2-6-122 Acts authorized to support objectives
For the purpose of attaining the objectives of this article, any county, municipality, or other political subdivision, or public corporation, agency, or instrumentality of the...
- Section 2-6-123 Federal income taxation
The corporation shall have the power to make payments to the United States of America as the directors deem necessary to cause the interest on...
- Section 2-6-124 Investments
The state and all public officers, municipal corporations, political subdivisions and public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan...
- Section 2-6-125 Corporate obligations
All obligations incurred by the corporation and all bonds issued by it shall be solely and exclusively an obligation of the corporation and shall not...
- Section 2-6-126 Exemption from state taxation
The properties of the corporation and the income from those properties, all lease agreements made by the corporation, and all bonds issued by the corporation...
- Section 2-6-127 Dissolution of corporation
When all securities issued by the corporation and all obligations assumed by it under this article shall have been paid in full, the then president...
Last modified: May 3, 2021