Indiana Code 16-22-6-13. Leases
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Terms Used In Indiana Code 16-22-6-13
- authority: means the hospital association created by section 2 of this chapter. See Indiana Code 16-22-6-1
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Sec. 13. Each county may lease land and a building from the authority for hospital purposes. A contract of lease on a particular building may not be entered into for more than forty (40) years but the contract may be renewed for a like or lesser time.
[Pre-1993 Recodification Citation: 16-12-20-10.]
As added by P.L.2-1993, SEC.5.