Section 2-6-26 Conveyance of coliseum and lands of agricultural center to corporation by state. - Alabama Statutes

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Section 2-6-26

Conveyance of coliseum and lands of agricultural center to corporation by state.

The Governor is authorized and directed to execute and deliver, in the name of and in behalf of the state, immediately before or simultaneously with the delivery by the corporation of the first bonds of the corporation which are sold under this article, an appropriate deed whereby there will be conveyed to the corporation the coliseum together with the lands in the Alabama Agricultural Center in the City of Montgomery. Upon delivery of such deed to the corporation, it shall thereupon be vested with all title and rights which the State of Alabama has in the property conveyed thereby, subject to the right of reverter to the state provided for in Section 2-6-38 upon dissolution of the corporation. It is hereby recognized that if the conveyance provided for in this section is not made, the coliseum will remain uncompleted, and it will be in the public interest for the said conveyance to be made so that the corporation may complete and equip the coliseum.

(Acts 1951, No. 532, p. 934, §8.)

State Codes and Statutes

Statutes > Alabama > Title2 > Chapter6 > 2-6-26

Section 2-6-26

Conveyance of coliseum and lands of agricultural center to corporation by state.

The Governor is authorized and directed to execute and deliver, in the name of and in behalf of the state, immediately before or simultaneously with the delivery by the corporation of the first bonds of the corporation which are sold under this article, an appropriate deed whereby there will be conveyed to the corporation the coliseum together with the lands in the Alabama Agricultural Center in the City of Montgomery. Upon delivery of such deed to the corporation, it shall thereupon be vested with all title and rights which the State of Alabama has in the property conveyed thereby, subject to the right of reverter to the state provided for in Section 2-6-38 upon dissolution of the corporation. It is hereby recognized that if the conveyance provided for in this section is not made, the coliseum will remain uncompleted, and it will be in the public interest for the said conveyance to be made so that the corporation may complete and equip the coliseum.

(Acts 1951, No. 532, p. 934, §8.)

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State Codes and Statutes

Statutes > Alabama > Title2 > Chapter6 > 2-6-26

Section 2-6-26

Conveyance of coliseum and lands of agricultural center to corporation by state.

The Governor is authorized and directed to execute and deliver, in the name of and in behalf of the state, immediately before or simultaneously with the delivery by the corporation of the first bonds of the corporation which are sold under this article, an appropriate deed whereby there will be conveyed to the corporation the coliseum together with the lands in the Alabama Agricultural Center in the City of Montgomery. Upon delivery of such deed to the corporation, it shall thereupon be vested with all title and rights which the State of Alabama has in the property conveyed thereby, subject to the right of reverter to the state provided for in Section 2-6-38 upon dissolution of the corporation. It is hereby recognized that if the conveyance provided for in this section is not made, the coliseum will remain uncompleted, and it will be in the public interest for the said conveyance to be made so that the corporation may complete and equip the coliseum.

(Acts 1951, No. 532, p. 934, §8.)