Code of Alabama - Title 33: Navigation and Watercourses - Chapter 13 - Alabama Port Authority

• Section 33-13-1 Definitions
  The following words and phrases, wherever used in this chapter, and others evidently intended as the equivalent thereof, shall, in the absence of clear implication...
• Section 33-13-2 Legislative intent; construction of chapter
  It is the intention of the Legislature by the passage of this chapter to implement Constitutional Amendment No. 338 by: (1) Authorizing the issuance of...
• Section 33-13-3 Authorization to form public corporation
  The Governor, the Director of Finance, one member of the Senate, appointed by the president of the Senate, one member of the House of Representatives,...
• Section 33-13-4 Procedure for incorporation
  To become a corporation, the Governor, the Director of Finance, one member of the Senate, appointed by the president of the Senate, one member of...
• Section 33-13-5 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 33-13-6 Members, officers and directors; meetings; record of proceedings
  The authority shall be composed of the Governor, the Director of Finance, one member of the Senate, appointed by the President of the Senate, one...
• Section 33-13-7 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 against others,...
• Section 33-13-8 Fiscal year; reports and recommendations
  The authority shall have the same fiscal year as the state. The authority shall during each fiscal year submit a report of its activities and...
• Section 33-13-9 Bonds - Generally
  There are hereby authorized to be issued bonds of the state in aggregate principal amount not exceeding $45,000,000.00 for the purpose of paying costs of...
• Section 33-13-10 Bonds - State Docks Facilities Reserve Fund
  There is hereby created a special fund to be designated the State Docks Facilities Reserve Fund, which shall be held in and constitute a part...
• Section 33-13-11 Bonds - Refunding Bonds
  The authority may from time to time sell and issue refunding bonds for the purpose of refunding any matured or unmatured bonds then outstanding that...
• Section 33-13-12 Bonds - Disposition of proceeds; investments
  The authority shall pay out of the proceeds from the sale of any of the bonds (other than refunding bonds) those expenses which the board...
• Section 33-13-13 Bonds - State Treasurer to pay principal and interest of bonds; records
  The State Treasurer is authorized and directed to pay the principal of and interest on the bonds (or any bonds issued to refund any of...

Last modified: May 3, 2021