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11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution, sale,
delivery, redemption, etc.; security for payment of principal or interest; remedies upon default;
liability of municipalities, board, etc., thereupon. (a) Any authority shall have power to
issue from time to time its bonds and notes in such principal amount as its board shall determine
to be necessary to provide sufficient funds for achieving any of its corporate purposes, including
the payment of interest on any of its notes and bonds, the establishment of reserves to secure
any such notes and bonds and all other expenditures of such authority incident to and necessary
or convenient to carry out its corporate purposes and powers. Any authority shall also have
the power to issue from time to time notes to renew notes and bonds to pay notes, including
interest thereon and, whenever it deems refunding expedient, to refund any bonds by the issuance
of new bonds, whether the bonds to be refunded...
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7-9A-102
Section 7-9A-102 Definitions and index of definitions. (a) Article 9A definitions. In this
article: (1) "Accession" means goods that are physically united with other goods
in such a manner that the identity of the original goods is not lost. (2) "Account,"
except as used in "account for," means a right to payment of a monetary obligation,
whether or not earned by performance, (i) for property that has been or is to be sold, leased,
licensed, assigned, or otherwise disposed of, (ii) for services rendered or to be rendered,
(iii) for a policy of insurance issued or to be issued, (iv) for a secondary obligation incurred
or to be incurred, (v) for energy provided or to be provided, (vi) for the use or hire of
a vessel under a charter or other contract, (vii) arising out of the use of a credit or charge
card or information contained on or for use with the card, or (viii) as winnings in a lottery
or other game of chance operated or sponsored by a State, governmental unit of a State, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-102.htm - 29K - Match Info - Similar pages
11-50-92
Section 11-50-92 Proceedings for sale of land upon failure of property owner to pay assessment,
installment or interest - Notice of sale; payment of assessment prior to sale; cost of notice
and sale charged against land, etc. (a) If the property owner who has not elected to pay in
installments fails to pay his assessment within 30 days or, having elected to pay in installments,
fails to pay the first installment within 30 days from the date of the assessment or makes
default in the payment of any annual or quarterly installment or the interest thereon, the
whole of such assessment shall immediately become due and payable, and the officer designated
by the council to collect such assessment shall proceed to sell the property against which
the assessment is made to the highest bidder for cash, but he shall first give notice by publication
once a week for three consecutive weeks in some newspaper published in the city or town or
of general circulation therein advertising the day of such...
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11-50-94
Section 11-50-94 Proceedings for sale of land upon failure of property owner to pay assessment,
installment, or interest - Effect of error or defect in notice or sale. No mistake in the
notice of sale in the description of the property or in the name of the owner shall vitiate
the assessment or the lien; and, if for any reason, the sale made by the city or town is ineffectual
to pass title, it shall operate as an assignment of the lien. Upon the request of the purchaser,
supplementary proceedings of the same general character as required in this article may be
had to correct the errors in said proceedings for his benefit, or the lien so assigned to
him may be enforced by civil action. (Acts 1923, No. 165, p. 134; Code 1923, §2108; Code
1940, T. 37, §633.)...
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11-48-53
Section 11-48-53 Proceedings for sale of land upon failure of owner to pay assessment, installment,
or interest - Effect of error or defect in notice or sale. No mistake in the notice of sale
in the description of the property or in the name of the owner shall vitiate the assessment
or the lien and if, for any reason, the sale made by the city or town is ineffectual to pass
title, it shall operate as an assignment of the lien, and, upon the request of the purchaser,
supplementary proceedings of the same general character as required in this article may be
had to correct the errors in said proceedings for his benefit or the lien so assigned to him
may be enforced by civil action. (Code 1907, §1407; Code 1923, §2222; Acts 1927, No. 639,
p. 753; Code 1940, T. 37, §569.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-48-53.htm - 1K - Match Info - Similar pages
11-48-54
Section 11-48-54 Redemption of property after sale generally. Any real property heretofore
or hereafter sold for the satisfaction of a local improvement assessment lien imposed thereon
by the governing body of a municipality may be redeemed by the former owner, or his assigns,
or other person authorized to redeem property sold for taxes by the State of Alabama within
two years from the date of such sale by paying to the purchaser at such sale or to any person
deraigning title under such purchaser or to the city or town treasurer for such purchaser
or person deraigning title under such purchaser the amount of the purchase price for which
the property was sold at such sale plus an amount equal to interest on such purchase price
from the date of such sale to the date of redemption at the rate of six percent per annum
plus a fee of $2.00 to cover the expense of a conveyance. If the redemption is made from the
municipality, the payment may be made upon such terms including installment...
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11-88-84
Section 11-88-84 Effect of mistakes in advertisement or sale; supplementary proceedings for
correction of errors; enforcement of lien by purchaser. No mistake in the publication provided
for in Section 11-88-80 in the description of the property or in the name of the owner shall
vitiate the assessment or the lien and, if, for any reason, the sale made by the authority
is ineffectual to pass title, it shall operate as an assignment of the lien and, upon the
request of the purchaser, supplementary proceedings of the same general character as required
in this article may be had to correct the errors in the said proceedings for his benefit or
the lien so assigned to him may be enforced by civil action. (Acts 1973, No. 826, p. 1293,
§51.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-88-84.htm - 1K - Match Info - Similar pages
11-53B-10
Section 11-53B-10 Redemption of property. (a) Any real property heretofore or hereafter sold
for the satisfaction of an assessment lien imposed thereon by the governing body of a municipality
may be redeemed by the former owner, or his or her assigns, or other persons authorized to
redeem property sold for taxes by the state, within two years from the date of the sale by
depositing with the officer designated by the municipality to collect the assessments the
amount of money for which the lands were sold, with interest thereon at the rate of 12 percent
per annum from the date of the sale through the date of the payment. (b) In addition to any
other requirements set forth in this section, the proposed redemptioner must pay or tender
the purchaser or his transferee all insurance premiums paid or owed by the purchaser with
accrued interest on the payments computed from the date the premiums were paid at 12 percent
per annum through the date of payment. (c) In addition to any other...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-53B-10.htm - 4K - Match Info - Similar pages
9-13-184
Section 9-13-184 Participation by county commissions in fire protection program of State Forestry
Commission - Assessments against owners of forestlands for costs - Time and manner of payment;
reports to tax assessors; lien on property for payment. Any assessment fixed as provided in
Section 9-13-183 shall be payable at the same time and in the same manner as county taxes,
and the owner of the forestlands, as defined in this division, in those counties becoming
subject to the provisions of this division shall make report of same to the tax assessor of
the county at the time fixed by law for making return of other property of such property owner.
Assessments made pursuant to this division shall constitute a lien on the property against
which they are assessed and, in case of default in the payment of such assessments, the land
may be sold in the same manner and under the same conditions that lands are sold for the satisfaction
of liens for county taxes. (Acts 1955, No. 552, p. 1208,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-13-184.htm - 1K - Match Info - Similar pages
11-99A-21
Section 11-99A-21 Failure to pay assessments. If the owner of any land within the district
fails to pay an assessment when due, time being of the essence, the board may commence proceedings
to foreclose on the land as follows: (1) The board shall send a letter, certified mail, return
receipt requested, United States first class mail to the last known address of the owner.
The address of the owner as shown in the tax assessment records of the tax assessor or revenue
commissioner for the county in which the property is located shall be sufficient. (2) The
letter shall specify that if payment is not made within 10 days of the date of the letter,
foreclosure proceedings may be commenced. (3) Any late payment received within the 10-day
period will accrue a late fee of the greater of five percent of the payment or fifty dollars
($50). (4) If payment is not made within the 10-day period, the entire assessment shall become
immediately due and payable, and the board may do either of the...
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