Indiana Code 36-7-11-4.6. Commission; acquisition and disposition of property
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Sec. 4.6. An ordinance that establishes a historic preservation commission under section 4 of this chapter may:
(A) acquire by purchase, gift, grant, bequest, devise, or lease any real or personal property, including easements, that is appropriate for carrying out the purposes of the commission;
(1) authorize the commission to:
Terms Used In Indiana Code 36-7-11-4.6
- Bequest: Property gifted by will.
- commission: refers to a historic preservation commission established through the adoption of an ordinance under section 4 of this chapter. See Indiana Code 36-7-11-1.5
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
- Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
- Personal property: All property that is not real property.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(B) hold title to real and personal property; and
(C) sell, lease, rent, or otherwise dispose of real and personal property at a public or private sale on the terms and conditions that the commission considers best; and
(2) establish procedures that the commission must follow in acquiring and disposing of property.
As added by P.L.227-1997, SEC.5.