Indiana Code 36-9-12-3. Purchase or lease of parking meters
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Terms Used In Indiana Code 36-9-12-3
- 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. 3. A municipality may provide, by ordinance, for the purchase or lease of parking meters. However, the ordinance must provide for the payment of the purchase price or rental fees only from the license fees collected from the parking meters.
[Pre-Local Government Recodification Citation: 18-6-13-2 part.]
As added by Acts 1981, P.L.309, SEC.85.