12-1708b. Same; resolution; records.
12-1708b
12-1708b. Same; resolution; records.
Whenever any such city has real estate which is no longer being used for
the purpose for which it was originally acquired, it may lease such real
estate or any part thereof to a corporation organized for the purpose of
industrial development. Before executing any such lease, the governing body
of such city shall by resolution find and determine that such real estate
is no longer needed for the purpose originally acquired, and that it is in
the best interest of the city that it be so leased. Upon the acceptance of
any such lease by such corporation, said governing body may accept same by
resolution, and the same shall be made a part of the records of such
governing body, together with the lease agreement properly executed by such
corporation and the mayor and clerk of such city.
History: L. 1959, ch. 89, § 2; Feb. 17.