Whenever the council of any municipality in which a project approved by the director is located shall determine by ordinance that any part of the land included in any such project should be maintained as a public park or grounds, such land may be purchased by the municipality for such purpose and thereafter be maintained as a public park or grounds. The council of a municipality by ordinance may also determine that real property of the municipality, specified and described in such ordinance, is not required for use by the municipality and may sell or lease such real property to a limited dividend housing corporation incorporated under this chapter.
HISTORY: 1962 Code Section 36-37; 1952 Code Section 36-37; 1942 Code Section 5271-17; 1933 (38) 176; 1945 (44) 156; 1993 Act No. 181, Section 500.