Indiana Code 36-9-23-2. Municipal powers
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Sec. 2. A municipality may:
(2) acquire, by gift, grant, purchase, condemnation, or otherwise, all lands, rights-of-way, and other property that are necessary for the sewage works;
(1) acquire, construct, improve, operate, and maintain sewage works under this chapter;
Terms Used In Indiana Code 36-9-23-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) issue revenue bonds to pay the cost of acquiring, constructing, and improving the sewage works and property; and
(4) lease sewage works from a person, an entity, a corporation, a public utility, or a unit for a term not to exceed fifty (50) years.
[Pre-Local Government Recodification Citation: 19-2-5-2 part.]
As added by Acts 1981, P.L.309, SEC.96. Amended by P.L.35-1990, SEC.68; P.L.252-2015, SEC.52.