Indiana Code 8-15-2-7. Powers to purchase
(1) acquire by purchase, whenever it shall deem such purchase expedient, any land, property, rights, rights-of-way, franchises, easements, and other interests in lands as it may deem necessary or convenient for the construction and operation of any toll road project upon such terms and at such price as may be considered by it to be reasonable and can be agreed upon between the authority and the owner thereof, and to take title thereto in the name of the state;
Terms Used In Indiana Code 8-15-2-7
- Authority: refers to the Indiana finance authority established by Indiana Code 8-15-2-4
- Owner: includes all individuals, copartnerships, associations, limited liability companies, or corporations having any title or interest in any property, rights, easements, and interests authorized to be acquired by this chapter. See Indiana Code 8-15-2-4
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- toll road project: includes any subsequent improvement, betterment, enlargement, extension, or reconstruction of an existing project. See Indiana Code 8-15-2-4
(3) transfer and convey any such lands or interests therein as may be necessary or convenient for the construction and operation of any toll road project, or as otherwise required under this chapter.
Formerly: Acts 1951, c.281, s.7; Acts 1957, c.273, s.2. As amended by Acts 1980, P.L.74, SEC.231; P.L.109-1983, SEC.10.