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11-62-8
any authority may enter into contracts with the holders of any of its bonds or notes preventing
such authority from thereafter issuing general obligation bonds or notes or limiting the amount
of such bonds or notes that may thereafter be issued. To the extent permitted by any contracts
with the holders of outstanding bonds and notes and any other contractual obligations or requirements,
any authority may pledge any of its revenues or mortgage or assign any of its assets, whether
real or personal and whether tangible or intangible, to secure the payment of any of
its bonds or notes. (d) All obligations created or assumed by any authority and all bonds
or notes issued thereby shall be solely and exclusively an obligation of such authority and
shall not create an obligation or debt of the state, the determining municipality or any other
political subdivision of the state or public corporation or governmental agency existing under
the laws thereof; provided, that the provisions of this...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-62-8.htm - 12K - Match Info - Similar pages
11-40-68
Section 11-40-68 Foreclosure sale; form of deed. (a) Following the hearing and order of the
court in accordance with Section 11-40-66, the court shall cause a sale of the real property
to be advertised and conducted by the court in a manner similar to that procedure contemplated
by Section 40-10-15. The sale shall not occur earlier than 45 days following the date of the
order of the court. (b) Except as otherwise authorized by law, the minimum bid price for the
sale of the real property shall be the redemption amount. (1) In the absence of any bid higher
than the minimum bid price, the court or its designee shall bid in for the real property on
behalf of the Class 2 municipality or its designee in an amount equal to the minimum bid price,
thereby causing the Class 2 municipality to become the purchaser at the sale pursuant to Section
11-40-66. (2) A bid in on behalf of the Class 2 municipality or its designee shall be tendered
as a credit bid for that part of the minimum bid price...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-40-68.htm - 7K - Match Info - Similar pages
33-12-5
grants or other assistance from federal, state and local governments or from agencies of such
governments and by issuing in its own name revenue bonds pledging a portion of the revenues
from such facilities. f. Arrange with any city, county, municipality or supplier of utilities
for the abandonment, relocation or other adjustment of roads, highways, bridges and utility
lines. (3) LAND ACQUISITION. The agency may acquire by purchase, lease, gift or condemnation
property of any kind, real, personal or mixed, or any interest therein, that the board
deems necessary or convenient to the exercise of its powers or functions; provided, that acquisition
by condemnation shall be limited to land, rights in land, including leaseholds and easements,
and water rights in the Alabama portion of the Elk River Watershed that the board determines
to be necessary to the control and optimum development of the Elk River. The amount and character
of the interests in land, rights in land and water rights...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/33-12-5.htm - 18K - Match Info - Similar pages
6-5-248
Section 6-5-248 Who may redeem; priorities. (a) Where real estate, or any interest therein,
is sold, it may be redeemed by: (1) Any debtor, including any surety or guarantor. (2) Any
mortgagor, even if the mortgagor is not personally liable for payment of a debt. (3) Any junior
mortgagee, or its transferee. (4) Judgment creditor, or its transferee. (5) Any transferee
of the interests of the debtor or mortgagor, either before or after the sale. A transfer of
any kind made by the debtor or mortgagor will accomplish a transfer of the interests of that
party. (6) The respective spouses of all debtors, mortgagors, or transferees of any interest
of the debtor or mortgagor, who are spouses on the day of the execution, judgment, or foreclosure
sale. (7) Children, heirs, or devisees of any debtor or mortgagor. (b) All persons named or
enumerated in subdivisions (a)(1) through (a)(7) may exercise the right of redemption granted
by this article within 180 days from the date of the sale for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/6-5-248.htm - 5K - Match Info - Similar pages
11-70-2
property is located, a notice of its intention to file an expedited quiet title and foreclosure
action. The notice shall include a legal description of the property, street address of the
property if available, a statement that the property is subject to expedited quiet title and
foreclosure proceedings under this chapter, and a statement that those proceedings may extinguish
any legal interests in the property. As used herein, interested parties shall mean the owner,
his or her heirs or personal representatives, any mortgagee or purchaser of the subject
property or any part thereof, and any party with an interest in the property, or in any part
thereof, legal or equitable, in severalty or as tenant in common, including a judgment creditor
or other creditor having a lien thereon, or any part thereof. (b) The municipality shall make
a good faith effort to identify the interested parties and the addresses at which they can
be reached. The municipality shall be presumed to have made a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-70-2.htm - 2K - Match Info - Similar pages
11-70A-2
property is located, a notice of its intention to file an expedited quiet title and foreclosure
action. The notice shall include a legal description of the property, street address of the
property if available, a statement that the property is subject to expedited quiet title and
foreclosure proceedings under this chapter, and a statement that those proceedings may extinguish
any legal interests in the property. As used herein, "interested parties" shall
mean the owner, his or her heirs or personal representatives, any mortgagee or purchaser
of the subject property or any part thereof, and any party with an interest in the property,
or in any part thereof, legal or equitable, in severalty or as tenant in common, including
a judgment creditor or other creditor having a lien thereon, or any part thereof. (b) The
municipality shall make a good faith effort to identify the interested parties and the addresses
at which they can be reached. The municipality shall be presumed to have made a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-70A-2.htm - 2K - Match Info - Similar pages
11-70-9
Section 11-70-9 Appeal. A municipality or interested party, within 42 days following the effective
date of the judgment, may appeal the judgment of the circuit court to the Court of Civil Appeals.
Any party appealing from an order vesting title in the municipality, as a condition of the
appeal, shall identify the parcel which is the subject of the appeal and, with respect to
that parcel, post a bond with at least one solvent surety in the amount due to redeem the
property under Chapter 10, Title 40. The appeal shall stay the order of the circuit court
only with respect to each parcel identified as the subject of the appeal. The order of the
circuit court shall be affirmed absent a defect in the identification of the property or in
the notice such that the notice deprived a party of the right to due process of law. The order
shall not be reversed on the basis of merely technical noncompliance with this chapter. (Act
2010-396, p. 644, §9.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-70-9.htm - 1K - Match Info - Similar pages
11-70A-9
Section 11-70A-9 Appeal. A municipality or interested party may, within 42 days following the
effective date of the judgment, appeal the judgment of the circuit court to the Court of Civil
Appeals. Any party appealing from an order vesting title in the municipality shall, as a condition
of the appeal, identify the parcel which is the subject of the appeal and, with respect to
that parcel, post a bond with at least one solvent surety in the amount due to redeem the
property under Chapter 10, Title 40. The appeal shall stay the order of the circuit court
only with respect to each parcel identified as the subject of the appeal. The order of the
circuit court shall be affirmed absent a defect in the identification of the property or in
the notice such that the notice deprived a party of the right to due process of law. The order
shall not be reversed on the basis of merely technical noncompliance with this section. (Act
2012-517, p. 1533, §9.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-70A-9.htm - 1K - Match Info - Similar pages
40-10-120
Section 40-10-120 When and by whom land may be redeemed. (a) Real estate which hereafter may
be sold for taxes and purchased by the state may be redeemed at any time before the title
passes out of the state or, if purchased by any other purchaser, may be redeemed at any time
within three years from the date of the sale by the owner, his or her heirs, or personal
representatives, or by any mortgagee or purchaser of such lands, or any part thereof, or by
any person having an interest therein, or in any part thereof, legal or equitable, in severalty
or as tenant in common, including a judgment creditor or other creditor having a lien thereon,
or on any part thereof; and an infant or insane person entitled to redeem at any time before
the expiration of three years from the sale may redeem at any time within one year after the
removal of the disability; and such redemption may be of any part of the lands so sold, which
includes the whole of the interest of the redemptioner. If the mortgage...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-10-120.htm - 3K - Match Info - Similar pages
11-40-66
Section 11-40-66 Judicial hearing. (a) The Class 2 municipality shall request that a judicial
hearing on the petition occur not earlier than 30 days nor more than 90 days following the
filing of the petition. At the judicial hearing, any interested party shall have the right
to be heard and to contest the delinquency of the municipal code lien, the adequacy of the
proceedings, the classification of the property as owner occupied, and the amount of the tax
payoff. If the court determines that the information set forth in the petition is accurate,
the court shall render its judgment and order that: (1) The municipal code lien is delinquent.
(2) The amounts of any additional municipal code liens and taxes described in the petition
are delinquent. (3) Proper notice has been given to all interested parties. (4) The property
is not owner occupied. (5) The property as described in the petition be sold in accordance
with the provisions of this article. (6) The sale shall become final and...
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