(a) The corporation may

Terms Used In Alaska Statutes 18.55.550

  • 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.
  • municipality: means a political subdivision incorporated under the laws of the state that is a home rule or general law city, a home rule or general law borough, or a unified municipality. See Alaska Statutes 01.10.060
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(1) acquire by eminent domain real property that it considers necessary within the boundaries of the redevelopment project or for its purposes under Alaska Stat. § 18.55.480 – 18.55.960 after the adoption by it of a resolution declaring that the acquisition of the real property described in the resolution is necessary for those purposes; and
(2) exercise the power of eminent domain in the manner provided in Alaska Stat. § 09.55.240 – 09.55.460 or in the manner provided by other statutory provisions for the exercise of the power of eminent domain.
(b) Property already devoted to a public use may be acquired in the same manner, provided that real property belonging to the municipality or the state may not be acquired without its consent.
  Previous section
Next section  
 Article 3 Contents