On making such payment, the applicant is vested with a qualified estate in fee to the acre of land located and circumscribed by the jury, such estate to become absolute on performance of the following conditions:

(1) That the dam or mill, gin or factory be commenced within one year and finished within three years from the date of the grant.
contract signature

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Terms Used In Alabama Code 18-2-14

  • following: means next after. See Alabama Code 1-1-1
  • person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
  • year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1
(2) That whenever the dam or mill, gin or factory is destroyed or materially impaired, the same must be rebuilt or repaired within three years thereafter.

But if the owner of such dam is an infant or person of unsound mind, he is allowed the same length of time, after the removal of such disability, to commence, finish, repair or rebuild.

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