Indiana Code 36-7-18-18. Property management; acquisition, ownership, and disposition of property
(1) lease or rent any land, buildings, structures, or facilities included in a housing project;
Terms Used In Indiana Code 36-7-18-18
- 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
(3) own, hold, and improve real or personal property;
(4) acquire any interest in real or personal property in any manner, including the power of eminent domain;
(5) dispose of any interest in real or personal property in any manner;
(6) provide for the insurance of the property or operations of the authority against risks or hazards; and
(7) obtain from the federal government insurance or guarantees for the payment of any debts secured by mortgages on property included in a housing project, whether or not those debts were incurred by the authority.
[Pre-Local Government Recodification Citations: 18-4-8-5 part; 18-7-11-8(d).]
As added by Acts 1981, P.L.309, SEC.37. Amended by P.L.344-1987, SEC.6.