13-1348b


Chapter 13.--CITIES OF THE FIRST CLASS

PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS


Article 13.--PARKS, PARKWAYS, BOULEVARDS AND PLAYGROUNDS

     
13-1348b.   Certain cities over 250,000; lease of real estate for
airport purposes, when; limitation.
The airport authority or, if such authority has not been established,
the board of park commissioners of any city now or hereafter having a
population of two hundred fifty thousand (250,000) or more, may lease for a
term not to exceed fifty (50) years any real estate owned or controlled by
such airport authority or board which was acquired for airport purposes, on
such terms and conditions as the authority or board may determine, except
that every such lease shall require that the real estate be used for
airport purposes or purposes incidental or related thereto. Title to all
improvements on the demised premises shall revert to the city upon
termination of the lease.

     
History:   L. 1957, ch. 115, § 1; L. 1975, ch. 5, § 16; July 1.