|
35-10-1
Section 35-10-1 Power of sale constitutes part of security; by whom executed; effect
of conveyance; index of foreclosure deeds. Where a power to sell lands is given to the grantee
in any mortgage, or other conveyance intended to secure the payment of money, the power is
part of the security, and may be executed by any person, or the personal representative of
any person who, by assignment or otherwise, becomes entitled to the money thus secured; and
a conveyance of the lands sold under such power of sale to the purchaser at the sale, executed
by the mortgagee, any assignee or other person entitled to the money thus secured, his agent
or attorney, or the auctioneer making the sale, vests the legal title thereto in such purchaser.
Probate judges shall index foreclosure deeds by the names of the original grantor and grantee
in the mortgage, and also by the names of the grantor and grantee in the foreclosure deeds.
(Code 1852, §1319; Code 1967, §1589; Code 1876, §2198; Code 1886,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-10-1.htm - 1K - Match Info - Similar pages
35-10-12
Section 35-10-12 Execution of foreclosure by power of sale; effect; indexing of deeds.
Where a power to sell lands is given in any mortgage, the power is part of the security and
may be executed by any person, or the personal representative of any person who, by assignment
or otherwise, becomes entitled to the money thus secured. A conveyance of the lands sold under
such power of sale to the purchaser at the sale may be executed by the mortgagee, their agents,
attorneys or any person making the sale. Such conveyance vests the legal title of the lands
sold under the power of sale to the purchaser at the sale. Probate judges shall index foreclosure
deeds by the name of the original grantor and grantee in the mortgage, deed of trust, or other
conveyance intended to secure the payment of money, and also by the names of the grantor and
grantee in the foreclosure deed. (Acts 1988, 1st Ex. Sess., No. 88-906, p. 479 §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-10-12.htm - 1K - 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
35-8-17
Section 35-8-17 Liens in favor of association. The association shall have a lien on
each unit for any unpaid assessment duly made by the association for a share of common expenses,
limited common expenses or otherwise, together with interest thereon and, if authorized by
the declaration or bylaws, reasonable attorney's fees. Such lien shall be effective from and
after the time of recording in the public records of the county in which the unit is located
of a claim of lien stating the description of the unit, the name of the record owner, the
amount due, and the date when due. Such claim of lien shall include only sums which are due
and payable when the claim of lien is recorded and shall be signed and verified by an officer
or agent of the association. Upon full payment of all sums secured by the lien, the party
making payment shall be entitled to a recordable satisfaction of lien. All such liens shall
be subordinate to any lien for taxes, the lien of any mortgage of record, and any...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/35-8-17.htm - 3K - Match Info - Similar pages
40-10-197
Section 40-10-197 Action to foreclose the right to redeem and quiet title; notice requirements;
effect of foreclosure; deed; expiration of certificate. (a) At any time not less than three
years after the auction or sale of a tax lien but not later than 10 years after the auction
or sale, if the tax lien is not redeemed, the holder of the tax lien certificate may bring
in the circuit court of the county in which the property is located an action to foreclose
the right to redeem and quiet title to the property in the name of the holder of the tax lien
certificate. If any applicable law or court order prohibits bringing an action to foreclose
the right to redeem and quiet title to the property, the limitation provided in this section
shall be extended 12 months following the termination of the prohibition. (b)(1) At least
30 days before filing a tax lien foreclosure action under this article, but not more than
180 days before the action is commenced, the holder of the tax lien certificate...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-10-197.htm - 5K - Match Info - Similar pages
11-50A-8
Section 11-50A-8 Powers of the authority. In addition to other powers granted the authority
by this chapter, it shall have all powers consistent with the purposes of the authority as
set forth in Section 11-50A-3, which are necessary or convenient to carry out and effectuate
the purposes and provisions of this chapter, including, but without limiting the generality
of the foregoing, the following enumerated powers, which shall be exercised by the authority
consistently with the provisions of Section 11-50A-3: (1) To sue and be sued and to
prosecute and defend in any court having jurisdiction of the subject matter and of the parties
thereto; (2) To adopt and alter a corporate seal; (3) To make and alter at pleasure all needful
bylaws, rules, and regulations for the transaction of its business and the control of its
property and affairs; (4) To have the same right of eminent domain through condemnation conferred
by Section 10-5-1, or any subsequent statute of similar import; provided...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50A-8.htm - 13K - Match Info - Similar pages
45-36A-104
Section 45-36A-104 Electric power board. (a) As used in this section the words
electric board shall mean the Electric Power Board of the City of Scottsboro, Alabama, in
Jackson County, a corporation organized under Title 37, Section 402 (15), and existing
under the authority of Sections 11-50-310 et al. (b) In addition to all other powers, rights,
and authority heretofore granted by law: (1) The electric board is hereby authorized and empowered
to acquire, purchase, construct, lease, operate, maintain, enlarge, extend, and improve a
community antenna television system, CATV, which may be defined, without limiting the generality,
as a facility that in whole or in part, receives directly, or indirectly, or over the air,
and amplifies or otherwise modifies the signal transmitting programs broadcast by one or more
television or radio stations from any point within this state or any other state and distributes
such signals by wire or cable or any other means to subscribing members of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-36A-104.htm - 5K - Match Info - Similar pages
45-23A-22
Section 45-23A-22 Television cable system. (a) The provisions of this section
shall apply only to the City of Daleville in Dale County. (b) The municipal corporation of
the City of Daleville in Dale County shall have the right to establish, purchase, construct,
maintain, and operate a television cable system and to furnish television cable service to
their residents and residents of surrounding territory. (c) The municipal corporation is authorized
to construct, lease, purchase, or otherwise acquire television lines or cables for the furnishing
of television service from any point in this state or any other state to the municipal corporation
and surrounding territory. (d) For the purposes of this section such municipal corporation
may exercise the right of eminent domain. Such eminent domain proceedings shall be conducted
in the manner now provided by law. (e)(l) In payment for the purchase, construction, acquisition,
extension, or maintenance of the television cable system, the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-23A-22.htm - 4K - Match Info - Similar pages
45-28A-90
Section 45-28A-90 Television cable services. (a) This section shall apply only
to the Town of Sardis in Etowah County. (b) The municipal corporation of the Town of Sardis
in Etowah County shall have the right to establish, purchase, construct, maintain, and operate
a nonexclusive television cable system and to furnish television cable service to their residents
and residents of surrounding unincorporated areas of Etowah County not then served by an existing
cable television system or systems. (c) The municipal corporation is authorized to construct,
lease, purchase, or otherwise acquire television lines or cables for the furnishing of television
service from any point in this state or any other state to the municipal corporation and surrounding
territory. (d) For the purposes of this section such municipal corporation may exercise
the right of eminent domain. Such eminent domain proceedings shall be conducted in the manner
now provided by law. (e)(1) In payment of the purchase,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-28A-90.htm - 4K - Match Info - Similar pages
11-50-314
Section 11-50-314 Powers of corporation generally; provisions in mortgages, deeds of
trust, or pledge agreements executed by corporation as to rights of parties thereto, etc.
(a) Each corporation formed or the certificate of incorporation of which is amended under
this article shall have the following powers together with all powers incidental thereto or
necessary to the discharge thereof in corporate form: (1) To have succession by its corporate
name for the duration of time (which may be in perpetuity) specified in its certificate of
incorporation or until dissolved as provided in this article; (2) To sue and be sued and to
defend civil actions against it; (3) To make use of a corporate seal and to alter the same
at pleasure; (4) To acquire, purchase, construct, operate, maintain, enlarge, extend, and
improve any system or systems, the operation of which is provided for in the certificate of
incorporation of such corporation or in any amendment thereto (whether or not such system
or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-50-314.htm - 5K - Match Info - Similar pages
|