Indiana Code 36-10-3-44. Lease or contracts for performance of historical pageants and admissions and maintenance of facilities

Sec. 44. The board may enter into a lease or contracts with not-for-profit corporations providing detailed terms and conditions for:

(1) the performance of historical pageants and entertainments; and

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Board: refers to a park and recreation board. See Indiana Code 36-10-3-2
Contract: A legal written agreement that becomes binding when signed.
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}

(2) the charging of admissions and maintenance of the facilities.

The contract must not extend for a longer term than the term of the bonds.

As added by P.L.74-1986, SEC.11.