Nothing in this article shall prevent any literary society, social society, Young Men's Christian Association, or Young Women's Christian Association from retaining a vendor's lien on the property conveyed, nor from taking a mortgage to secure the balance of the purchase money nor from making an agreement as to the payment of the purchase money and the conditions of the sale.
Structure Code of Alabama
Chapter 4 - Conveyances and Creation of Estates.
Article 14 - Conveyances by Literary or Social Societies, Etc.
Section 35-4-340 - Who May Convey Title.
Section 35-4-341 - Meeting of Trustees; Execution of Deed.
Section 35-4-342 - Property Subject to Provisions of Article.