The free event, which is sponsored by the Cordova Civitan Club, will include games, a hayride, crafts and food vendors as well as musical entertainment.
A historic marker from the Alabama Tourism Department will also be unveiled.
A children's fun zone will be set up on the T-ball field near the Old Park. The area will be called "Little Dent" in honor of the town's original name. Activities will take place within mock store fronts that will be named in honor of local landmarks, such as the Tallulah Hotel in downtown Cordova.
Kids will also be invited to search through the haystack of prizes if their ticket number is drawn for a door prize.
"It's going to be like looking for a needle in a haystack, but the needle is going to be a ball so they can find it," Civitan president Mike Hicks said.
Adults will have their own haystack of prizes as well as several games, such as a sack race, three-legged race and tug of war.
The Miss Discover Cordova photo pageant is back this year for four age groups: birth to 4 years old, kindergarten through 4th grade, 5th through 8th grade, and 9th through 12th grade.
The cost to enter is $10 for one photo and $5 for each additional picture. The deadline for submissions is Oct. 1.
Pictures can be turned in to any Civitan Club member or to the office of any of Cordova's schools.
A historical hayride will make several trips around town, and visitors can also see highlights from Cordova's 151 years in a collection of photos set up at the Industrial Development Board office near the park.
Hicks said he is hoping for a turnout similar to the first Discover Cordova Day, when nearly 3,000 people participated.
"We want people to know Cordova is here and that we're trying to revitalize our community and move into the future," Hicks said.
For more information, call 792-6723.