12-4911.   Same; leasing of home; conditions.The governing body of the city may, by ordinance, declare that it is tothe best interests of such city to rent, lease or let the said home for theaged; and thereupon, said governing body may, in its discretion, rent, letor lease to a person for the purpose of maintaining and operating said homefor the aged upon such terms and conditions as the governing body may deemto the best interests of the said city but the amount of the rent to bepaid by the person to whom the home for the aged is rented, leased or letshall be sufficient to pay the cost of the repair and maintenance of thebuilding, and pay the principal amount of and the interest upon the revenuebonds which have been issued to acquire a site for, construct and equip thehome for the aged.

      History:   L. 1965, ch. 146, § 11; June 30.