North Carolina General Statutes 160A-674. Acquisition, power of eminent domain
(a) The district shall have continuing power to acquire, by gift, grant, devise, exchange, purchase, lease with or without option to purchase, or any other lawful method including, but not limited to, the power of eminent domain, the fee or any lesser interest in real or personal property for use by the district.
(b) Exercise of the power of eminent domain by the district shall be as a private condemnor in accordance with Chapter 40A of the N.C. Gen. Stat.. Notwithstanding Chapter 40A of the N.C. Gen. Stat., before final judgment may be entered in any action of condemnation initiated by the district, the district shall furnish proof that the board of commissioners of the county where the land is located has consented by resolution or ordinance to the taking. ?(1997-426, s. 2; 2011-284, s. 123.)
Terms Used In North Carolina General Statutes 160A-674
- 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