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11-81-27
Section 11-81-27 Mortgages of public property for payment of debts. Any county or municipality
of this state may mortgage any public property for the payment of any debt contracted in connection
with such mortgaged property either originally or as a renewal, and such mortgage shall be
admitted to record in the office of the probate judge of any county of this state without
the payment of any tax upon the debt secured thereby or any other fee or charge except the
costs of recording the instrument at the rate fixed by law. (Acts 1927, No. 478, p. 534; Code
1940, T. 37, §267.)...
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45-28-84
Section 45-28-84 Filing fee for mental health program. (a) The Probate Judge of Etowah County
shall charge a fee of two dollars ($2) for filing for record or for recording each and every
instrument, paper, writing, document, or decree in his or her office, including each real
estate instrument, real estate mortgage, warranty deed, power of attorney, quitclaim deed,
judgment, timber deed, deed/executive deed, subordination agreement, agreement, land lease,
partial release/release, affidavit, official bond, plat, oath of office, bill of sale, custodian
bond, declaration of trust, financing statement, transfer, assignment, satisfaction, bond
of indemnity, declaration of vacation, lis pendens notice, order approving trustees bond,
and excerpts of minutes. This fee shall not apply to judicial matters filed in the probate
court section of the Probate Court of Etowah County nor shall the additional fee apply to
marriage licenses. (b) By the tenth of the month following collection, all funds...
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5-19-9
Section 5-19-9 Application of payments when buyer indebted to same seller for two or more consumer
credit sales. When the buyer is indebted to a particular seller for two or more consumer credit
sales of goods and the goods which were the subject of two or more sales secure the buyer's
total debt to the seller, the security shall be discharged by applying the buyer's payments
as they are received by the seller or the seller's assignee to the portions of the debt in
the order in which they were incurred. To the extent that debts are paid according to the
preceding sentence, security interests in items of property terminate as the debt originally
incurred with respect to each item is paid. Payments received by the seller upon a revolving
charge account are deemed, for the purpose of determining the amount of the debt secured by
the various security interests, to have been applied first to the payment of finance charges
in the order of their entry to the account and then to the payment of...
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7-9A-209
Section 7-9A-209 Duties of secured party if account debtor has been notified of assignment.
(a) Applicability of section. Except as otherwise provided in subsection (c), this section
applies if: (1) there is no outstanding secured obligation; and (2) the secured party is not
committed to make advances, incur obligations, or otherwise give value. (b) Duties of secured
party after receiving demand from debtor. Within 10 days after receiving an authenticated
demand by the debtor, a secured party shall send to an account debtor that has received notification
of an assignment to the secured party as assignee under Section 7-9A-406(a) an authenticated
record that releases the account debtor from any further obligation to the secured party.
(c) Inapplicability to sales. This section does not apply to an assignment constituting the
sale of an account, chattel paper, or payment intangible. (d) Authenticated demand. In this
section, "authenticated demand" means a record authenticated by the...
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11-50-6
Section 11-50-6 Issuance of bonds for payment for waterworks plants, etc., purchased; security
for bonds; provision in purchase agreement as to disposition of revenues from plants, etc.
In payment for such plants, cities or towns may issue their bonds in the manner provided by
law, and the same may be secured by a mortgage or deed of trust on the plants so purchased.
By the terms of such purchase it may be provided that the revenue of such waterworks may be
collected, controlled, and disbursed by a commission selected in the manner and having the
powers and term of office which may be agreed upon between the vendor of such plant and such
city or town. (Code 1907, §1262; Code 1923, §2004; Code 1940, T. 37, §365.)...
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35-10-11
Section 35-10-11 Definitions. Unless the context otherwise requires, the words defined in this
section shall have the following meanings when they appear in this article: (1) MORTGAGE.
Any mortgage, deed of trust, or any other instrument intended to secure the payment of money,
such as an instrument which includes a vendor's lien. (2) MORTGAGEE. All mortgagees, grantees
or creditors in any mortgages, any trustees under deeds of trust, or any persons entitled
to the money secured by any instrument intended to secure the payment of money such as an
instrument which includes a vendor's lien. (Acts 1988, 1st Ex. Sess., No. 88-906, p. 479,
§1.)...
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40-22-7
Section 40-22-7 Tax upon recording transfer of instrument recorded by exempt institution -
Certification of payment of tax. Upon the filing for record of a transfer under Section 40-22-6
and upon payment of such tax and recording fees, the probate judge or his clerk shall certify
on such transfer the fact that the said tax has been paid; and, when so certified by the probate
judge or his clerk, such transfer and all subsequent transfers thereof shall be admitted to
record in any county wherein any of the property mentioned in the mortgage, deed of trust,
contract of conditional sale, or other instrument of like character so transferred is situated
without the payment of any further tax thereon, except the fee to the probate judge for recording
such transfer. (Acts 1951, No. 816, p. 1449, §2.)...
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41-9-435
Section 41-9-435 Liability upon revenue bonds issued by commission. All revenue bonds issued
by the commission shall be solely and exclusively the obligations of the commission and shall
not create an obligation or debt of the state or of any county or of any municipality within
the state. All revenue bonds issued by the commission for the purpose of providing lodging
facilities shall be payable solely out of the revenues and receipts derived from the operation,
leasing or sale by the commission of such lodging facilities as may be designated in the proceedings
of the commission under which the bonds shall be authorized to be issued. The principal of
and interest on any such revenue bonds shall be secured by a pledge of the revenues and receipts
out of which the same may be payable and may be secured by a mortgage and deed of trust or
trust indenture conveying as security for such revenue bonds all or any part of the property
of the commission from which the revenues or receipts so...
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43-2-843
Section 43-2-843 Transactions authorized for personal representatives; exceptions. Except
as restricted or otherwise provided by the will or by an order of court and subject to the
priorities stated in Section 43-8-76, a personal representative, acting prudently for
the benefit of the interested persons, may properly: (1) Retain assets owned by the decedent
pending distribution or liquidation including those in which the representative is personally
interested or which are otherwise improper for trust investment. (2) Receive assets from fiduciaries,
or other sources. (3) Perform, compromise, or refuse performance of the decedent's contracts
that continue as obligations of the estate, as the personal representative may determine
under the circumstances. In performing enforceable contracts by the decedent to convey or
lease land, the personal representative, among other possible courses of action, may
do either of the following: a. Execute and deliver a deed of conveyance for cash...
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45-40A-10.04
Section 45-40A-10.04 Funding. (a) In payment for the purchase, construction, acquisition, extension,
or maintenance of the television cable system, the municipal corporation may issue its bonds
in the manner provided by law. (b) The municipal corporation, in order to secure the prompt
and faithful payment of the principal and interest of all debts, bonds, or other evidences
of indebtedness incurred or issued by it for the construction, acquisition, extension, or
maintenance of a television cable system, may execute a mortgage or deed of trust upon any
or all of the system and all property used in connection therewith, including the franchise
or any part thereof. (c) The mortgage or deed of trust may contain the terms, conditions,
covenants, and warranties for the protection of the municipal corporation and holders of the
bonds or securities issued by the municipal corporation as may be determined and agreed upon
by the governing body of the municipal corporation and persons, firms, or...
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