South Dakota Codified Laws 9-27-33. Acquisition and conveyance or lease to United States of sites for federalbuildings
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Every municipality shall have power to acquire land within the limits of such municipality as sites for federal buildings or institutions which have been or may be located therein by the government of the United States, and to sell, convey, or lease property so acquired to the United States upon such terms as may be determined by the governing body.
Terms Used In South Dakota Codified Laws 9-27-33
- 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
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1931, ch 201; SDC 1939, § 45.2711.