Alabama § 11-81-27 Mortgages of Public Property for Payment of Debts

Alabama Statutes

§ 11-81-27 — Mortgages of Public Property for Payment of Debts

Alabama·Title 11 Counties and Municipal Corporations·Ch. 81 Municipal and County Bonds·Art. 1 General Provisions

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.

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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.

Alabama § 11-81-27 (Mortgages of Public Property for Payment of Debts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.