§ 46-5-10 - Lease of facilities. - Rhode-island Statutes

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Statutes > Rhode-island > Title-46 > Chapter-46-5 > 46-5-10

SECTION 46-5-10

§ 46-5-10 Lease of facilities. – The director may from time to time, in the name of the state of Rhode Island,lease any property, whether improved or unimproved, acquired by purchase or bythe process of law, and storage facilities, wharves, piers, bulkheads, docks,sheds, warehouses, and industrial locations within the director's charge, forsuch term or terms not exceeding twenty (20) years, except for the port ofGalilee, in which property may be leased for a term of up to forty (40) yearsand for any rent and with such provisions and covenants as to the directorshall seem to be advantageous to the state.

State Codes and Statutes

Statutes > Rhode-island > Title-46 > Chapter-46-5 > 46-5-10

SECTION 46-5-10

§ 46-5-10 Lease of facilities. – The director may from time to time, in the name of the state of Rhode Island,lease any property, whether improved or unimproved, acquired by purchase or bythe process of law, and storage facilities, wharves, piers, bulkheads, docks,sheds, warehouses, and industrial locations within the director's charge, forsuch term or terms not exceeding twenty (20) years, except for the port ofGalilee, in which property may be leased for a term of up to forty (40) yearsand for any rent and with such provisions and covenants as to the directorshall seem to be advantageous to the state.

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State Codes and Statutes

Statutes > Rhode-island > Title-46 > Chapter-46-5 > 46-5-10

SECTION 46-5-10

§ 46-5-10 Lease of facilities. – The director may from time to time, in the name of the state of Rhode Island,lease any property, whether improved or unimproved, acquired by purchase or bythe process of law, and storage facilities, wharves, piers, bulkheads, docks,sheds, warehouses, and industrial locations within the director's charge, forsuch term or terms not exceeding twenty (20) years, except for the port ofGalilee, in which property may be leased for a term of up to forty (40) yearsand for any rent and with such provisions and covenants as to the directorshall seem to be advantageous to the state.