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7-9A-502
Section 7-9A-502 Contents of financing statement; record of mortgage as financing statement;
time of filing financing statement. (a) Sufficiency of financing statement. Subject to subsection
(b), a financing statement is sufficient only if it: (1) provides the name of the debtor;
(2) provides the name of the secured party or a representative of the secured party; and (3)
indicates the collateral covered by the financing statement. (b) Real-property-related financing
statements. Except as otherwise provided in Section 7-9A-501(b), to be sufficient,
a financing statement that covers as-extracted collateral or timber to be cut, or which is
filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy
subsection (a) and also: (1) indicate that it covers this type of collateral; (2) indicate
that it is to be filed in the real property records; (3) provide a description of the real
property to which the collateral is related sufficient to give constructive...
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11-81-141
Section 11-81-141 Powers of municipalities or counties generally; provisions in instruments
or deeds of trust creating pledges, mortgages, liens, etc., for payment of bonds; determination
of costs of acquisition, construction, etc., of undertakings. (a) In addition to the powers
which it may now have, any municipality or county shall have power under this division: (1)
To acquire by gift or purchase, to construct, to reconstruct, to improve, to better or to
extend any undertaking within or without the municipality or county or partially within or
partially without the municipality or county; (2) To operate and maintain any undertaking
for its own use and for the use of public and private consumers and users within and without
the territorial boundaries of the municipality or county; (3) To lease any undertaking or
portion thereof to any agency or department of the State of Alabama for a period or periods
not exceeding 40 years from the completion of the construction of the work, if...
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24-1-35
Section 24-1-35 Mortgages of authority property in connection with government financed
projects. In connection with any project financed in whole or in part by a government, the
authority shall also have power to mortgage all or any part of its property, real or personal,
then owned or thereafter acquired, and thereby: (1) To vest in a government the right, upon
the happening of an event of default, as defined in such mortgage, to foreclose such mortgage
through judicial proceedings or through the exercise of a power of sale without judicial proceedings,
so long as a government shall be the holder of any of the bonds secured by such mortgage.
(2) To vest in a trustee or trustees the right, upon the happening of an event of default,
as defined in such mortgage, to foreclose such mortgage through judicial proceedings or through
the exercise of a power of sale without judicial proceedings, but only with the consent of
the government which aided in financing the housing project involved....
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24-1-74
Section 24-1-74 Mortgages of authority property in connection with government financed
projects. In connection with any project financed in whole or in part by a government, the
authority shall also have power to mortgage all or any part of its property, real or personal,
then owned or thereafter acquired, and thereby: (1) To vest in a government the right, upon
the happening of an event of default, as defined in such mortgage, to foreclose such mortgage
through judicial proceedings or through the exercise of a power of sale without judicial proceedings,
so long as a government shall be the holder of any of the bonds secured by such mortgage.
(2) To vest in a trustee or trustees the right, upon the happening of an event of default,
as defined in such mortgage, to foreclose such mortgage through judicial proceedings or through
the exercise of a power of sale without judicial proceedings, but only with the consent of
the government which aided in financing the housing project involved....
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40-7-1
Section 40-7-1 Authority of tax assessor; duties of taxpayer. (a) The tax assessor or
other assessing official in each of the several counties shall have the right and authority
to assess all real estate, together with improvements thereon, and all personal property to
the party last assessing the same, or to the owner of record, except such real estate and
personal property which is now or may hereafter be assessed by the Department of Revenue.
The failure of the tax assessor or other assessing official to assess said property to the
true owner shall not invalidate the assessment. The tax assessor or other assessing official
shall have the right and authority to prescribe the proper bookkeeping method to carry out
the provisions of this article, subject to the approval of the Chief Examiner of Public Accounts.
Should the owner of any real estate make improvements on such property, or should any improvements
be removed or destroyed or partially removed or destroyed during any taxable...
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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...
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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,...
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7-9A-601
Section 7-9A-601 Rights after default; judicial enforcement; consignor or buyer of accounts,
chattel paper, payment intangibles, or promissory notes. (a) Rights of secured party after
default. After default, a secured party has the rights provided in this part and, except as
otherwise provided in Section 7-9A-602, those provided by agreement of the parties.
A secured party: (1) may reduce a claim to judgment, foreclose, or otherwise enforce the claim,
security interest, or agricultural lien by any available judicial procedure; and (2) if the
collateral is documents, may proceed either as to the documents or as to the goods they cover.
(b) Rights and duties of secured party in possession or control. A secured party in possession
of collateral or control of collateral under Section 7-7-106, 7-9A-104, 7-9A-105, 7-9A-106,
or 7-9A-107 has the rights and duties provided in Section 7-9A-207. (c) Rights cumulative;
simultaneous exercise. The rights under subsections (a) and (b) are cumulative...
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7-9A-614
Section 7-9A-614 Contents and form of notification before disposition of collateral:
Consumer-goods transaction. In a consumer-goods transaction, the following rules apply: (1)
A notification of disposition must provide the following information: (A) the information
specified in Section 7-9A-613(1); (B) a description of any liability for a deficiency
of the person to which the notification is sent; (C) a telephone number from which the amount
that must be paid to the secured party to redeem the collateral under Section 7-9A-623
is available; and (D) a telephone number or mailing address from which additional information
concerning the disposition and the obligation secured is available. (2) A particular phrasing
of the notification is not required. (3) The following form of notification, when completed,
provides sufficient information: Name and address of secured party Date NOTICE OF OUR PLAN
TO SELL PROPERTY Name and address of any obligor who is also a debtor Subject: ___...
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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...
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