12-5905


Chapter 12.--CITIES AND MUNICIPALITIES


Article 59.--CITY LAND BANKS

     
12-5905.   Same; powers of board.
The board may:

     
(a)   Sue and be sued;

     
(b)   enter into contracts;

     
(c)   appoint and remove staff and provide for the compensation thereof;

     
(d)   acquire, by purchase, gift or devise, and convey any real property,
including easements and reversionary interests, and personal property subject
to the provisions of this act;

     
(e)   rebate all, or any portion thereof, the taxes on any property sold or
conveyed by the bank;

     
(f)   exercise any other power which may be delegated to the land bank by the
governing body; and

     
(g)   exercise any other incidental power which is necessary to carry out the
purposes of the land bank and this act.

     
History:   L. 2009, ch. 120, § 5; July 1.