Kentucky Statutes 97.140 – Property which cities may acquire — Methods of acquisition — Title in city
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Any city that establishes a recreational project may purchase solely from the funds provided under the authority of KRS § 97.100 to KRS § 97.240, or may acquire by gift, devise, bequest or grant, lands, structures, rights of way, franchises, easements or other interests in land necessary for the establishment and maintenance of the project, upon such terms, prices and considerations as the city considers reasonable. Title to all property acquired for such purposes shall be taken in the name of the city.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2741p-16.
Effective: October 1, 1942
Terms Used In Kentucky Statutes 97.140
- Bequest: Property gifted by will.
- City: includes town. See Kentucky Statutes 446.010
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2741p-16.