Indiana Code 8-6-2.1-32. Payment for lands acquired by purchase, contract, or eminent domain; title to lands
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Terms Used In Indiana Code 8-6-2.1-32
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Sec. 32. If the lands acquired for the improvement or any part of it are secured by purchase or contract, the payment shall be made according to the terms of the contract. If lands are taken by condemnation, the amount of damages assessed shall be paid or tendered within ninety (90) days after the final determination of the condemnation proceedings, or as soon thereafter as the funds arising from the bonds and the assessment of benefits are available. The title to the lands, or that portion paid for or otherwise acquired for these purposes, then vests in the city.
[Pre-Local Government Recodification Citation: 19-5-14-32.]
As added by Acts 1980, P.L.8, SEC.70.