Alabama § 11-81-2 Execution of Mortgages or Deeds of Trust Upon Property Acquired, Etc., with Proceeds of Bond Issues; Recordation of Same

Alabama Statutes

§ 11-81-2 — Execution of Mortgages or Deeds of Trust Upon Property Acquired, Etc., with Proceeds of Bond Issues; Recordation of Same

Alabama § 11-81-2

Title 11Counties and Municipal Corporations

Ch. 81Municipal and County Bonds

Art. 1General Provisions

This text of Alabama § 11-81-2 (Execution of Mortgages or Deeds of Trust Upon Property Acquired, Etc., with Proceeds of Bond Issues; Recordation of Same) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 11-81-2 (2026).

Text

Any municipal corporation in this state shall have power and authority to execute a mortgage or deed of trust upon the property acquired or to be acquired with the proceeds of a bond issue authorized in this chapter, and such mortgage or deed of trust shall be admitted to record in the office of the probate judge of any county in this state without the payment of any tax upon the debts secured thereby or any other fee or charge, except the costs of recording the instrument at the rate fixed by law.

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Any municipal corporation in this state shall have power and authority to execute a mortgage or deed of trust upon the property acquired or to be acquired with the proceeds of a bond issue authorized in this chapter, and such mortgage or deed of trust shall be admitted to record in the office of the probate judge of any county in this state without the payment of any tax upon the debts secured thereby or any other fee or charge, except the costs of recording the instrument at the rate fixed by law.