Board of Directors; Power to Acquire, Hold, and Dispose of Property

  1. Law
  2. Indiana Code
  3. Local Government
  4. Transportation and Public Works
  5. Urban Mass Transportation Systems; Public Transportation Corporation
  6. Board of Directors; Power to Acquire, Hold, and Dispose of Property

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Sec. 30. The board of directors of a public transportation corporation may:

(1) acquire by grant, purchase, gift, lease, or otherwise; and

(2) hold, use, sell, lease, or dispose of;

real and personal property, licenses, patents, rights, and interests necessary or convenient for the exercise of its powers under this chapter.

[Pre-Local Government Recodification Citation: 19-5-2-22 part.]

As added by Acts 1981, P.L.309, SEC.77.


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