Alabama § 45-56-100 - County Board of Education Prohibited from Reacquiring Certain Property.

§ 45-56-100. County Board of Education Prohibited from Reacquiring Certain Property.

(a) In Randolph County, the county board of education is prohibited from reacquiring the property described in subsection (c) which was purchased by the North Randolph County Development Association without repayment of the original purchase price of the property along with the costs of any and all improvements to the property.

(b) After a period of 10 years the board of education cannot reacquire the property without the payment of the fair and reasonable market value of the property or a price negotiated and agreed upon by the Randolph County Board of Education and the North Randolph County Development Association.

(c) The description of the property provided for in subsection (a) is as follows, to-wit:

Starting at the Southeast corner of the Southwest one-quarter of Section 13, thence North one degree west along the ¹⁄2 section line 100 feet to the point of beginning of the land to be conveyed, thence South eighty-nine degrees West 636.5 feet to the East margin of the Pinetuckey Road, thence North eleven degrees and thirty minutes East along the Pinetuckey Road 172 feet, thence North nineteen degrees and thirty minutes east along the East margin of the Pinetuckey Road 213 feet, thence North eighty-nine degrees East 526 feet to the ¹⁄2 section line, thence South one degree East 370.5 feet to the point of beginning containing 5.0 acres. The above tract of land being a part of the SE ¹⁄4 of the SW ¹⁄4 of Section 13, T–18, R–10. This description taken from the original deed which is recorded in Deed Book Volume 51, Page 363, Probate Judge, Randolph County, Alabama, December 9, 1946.