Section 24-1-41 Title acquired by purchasers at sale of authority property subject to agreements with government. - Alabama Statutes

Section 24-1-41

Title acquired by purchasers at sale of authority property subject to agreements with government.

Notwithstanding anything in this article to the contrary, any purchaser or purchasers at a sale of real or personal property of the authority, whether pursuant to any foreclosure of a mortgage, pursuant to judicial process or otherwise, shall obtain title subject to any contract between the authority and a government relating to the supervision by a government of the operation and maintenance of such property and the construction of improvements thereon.

(Acts 1935, No. 56, p. 126; Code 1940, T. 25, §26.)