Clerk of court: An officer appointed by the court to work with the chief judge in overseeing the court's administration, especially to assist in managing the flow of cases through the court and to maintain court records.
Escrow: Money given to a third party to be held for payment until certain conditions are met.
fiduciary account: shall mean any account for which the bank or trust company has investment responsibility. See Alabama Code 45-34-82.07
GOVERNING BODY: With respect to a county, its county commission, and, with respect to a municipality, its city or town council, board of commissioners, or other like governing body and, with respect to a public corporation, its board of directors. See Alabama Code 45-34-82.08
Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
incorporators: The persons forming a public corporation organized pursuant to the provisions of this chapter. See Alabama Code 45-34-82.08
Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
Marital deduction: The deduction(s) that can be taken in the determination of gift and estate tax liabilities because of the existence of a marriage or marital relationship.
member: Any county, municipality, or public corporation which elects one or more directors to the board of a district. See Alabama Code 45-34-82.08
person: Any individual, firm, partnership, corporation, association, or any combination thereof. See Alabama Code 45-33-243
person: Unless limited to a natural person by the context in which it is used, such term includes a public or private corporation, a municipality, a county or an agency, department or instrumentality of the state, or of a county or municipality. See Alabama Code 45-34-82.08
Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
PRINCIPAL OFFICE: The place at which the certificate of incorporation and amendments thereto, the bylaws, and the minutes of proceedings of the board of a district are kept. See Alabama Code 45-34-82.08
producer: Any person engaging in the business of severing pit run sand, clay, sand-gravel, clay-gravel, sand-clay, and gravel from the soil within Hale County. See Alabama Code 45-33-243
project: Any capital improvement, facility, structure, building, property, or appurtenances thereto of any nature, type, or description which any member is authorized by any law of the state to own, acquire, construct, or finance. See Alabama Code 45-34-82.08
transporter: Any person transporting pit run sand, clay, sand-gravel, clay-gravel, sand-clay, and gravel from the place where it is severed or from any other place to any other place, within or without Hale County. See Alabama Code 45-33-243
Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
Usury: Charging an illegally high interest rate on a loan. Source: OCC