Nebraska Statutes 85-315. Board of trustees; utilities service; sale or lease
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The board of trustees is hereby empowered and authorized to make such contract of sale or lease of the whole or part of any water, light or heat plant now or hereafter constructed at any state college, and the purchase of water, heat and light, with any city, village or corporation at or near which is located any state college, as shall in the judgment of the board be to the best interest of said state college.
Source
- Laws 1913, c. 194, § 1, p. 572;
- R.S.1913, § 7064;
- C.S.1922, § 6699;
- C.S.1929, § 85-308;
- R.S.1943, § 85-315;
- Laws 1969, c. 852, § 11, p. 3202.
Terms Used In Nebraska Statutes 85-315
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801