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.
History: (Acts 1923, No. 374, p. 397; Code 1923, §6953; Code 1940, T. 47, §43.)