Alabama § 45-55-30 - Troy–Pike County Lake Authority.

§ 45-55-30. Troy–Pike County Lake Authority.

(a) There is created the Troy–Pike County Lake Authority in Pike County to establish, develop, operate, promote, preserve, and maintain certain bodies of water in Pike County.

(b) The authority shall be composed of seven members. Three members shall be appointed by the Pike County Commission and three members shall be appointed by the governing body of the City of Troy. The six members shall appoint a seventh member at the organizational meeting of the authority. All members shall serve terms of two years. Vacancies shall be filled by the original appointing authority for the remainder of the unexpired term. Every two years the appointing authority shall appoint members for the next two-year term. Members may be reappointed. Members shall not serve at the pleasure of the appointing authority. The authority shall select a chair and a vice chair. The authority shall establish its own parliamentary procedures and shall adopt rules, regulations, or bylaws as may be necessary to carry out its function. Members of the authority shall receive no compensation or other emolument for their service on the authority.

(c) The authority shall have power to acquire land but shall not have the power of eminent domain. The authority shall have power to acquire financing. The authority may spend all governmental appropriations granted for the use of the authority and may expend funds donated or contributed for its support. The authority shall have, in addition to those powers set forth specifically, all powers necessary or convenient to effect the purposes for which it has been established. Provided, however, the authority shall have no power to commit the governing body of Pike County or the City of Troy, without written approval of the affected governing body.

(d) The authority may solicit and accept donations, contributions, and gifts of money and property. All gifts made to the authority shall be exempt from taxation. All property, money, income, resources, and activities of the authority shall likewise be exempt from taxation.