Tennessee Code 58-1-505 – Lease to United States
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 58-1-505
- Lands: includes lands, tenements and hereditaments, and all rights thereto and interests therein, equitable as well as legal. See Tennessee Code 1-3-105
- 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
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
- United States: includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
The governor is authorized and empowered to lease lands acquired in accordance with §§ 58-1-501 – 58-1-504, to the United States government when such action is deemed by the governor to be advantageous to the defense of the state and the nation. A lease of such land executed by the governor in the name of the state of Tennessee will be adequate to vest in the United States government such leasehold rights as shall therein be set out.