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Session Laws, 1989
Volume 771, Page 5035   View pdf image
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WILLIAM DONALD SCHAEFER, Governor

therein, for a term not exceeding ninety-nine (99) years at a
nominal rental or such annual rental as may be determined; [to]

(II)  TO lease as lessor to the state or the
county, or to any political subdivision thereof, or to any person
any project at any time constructed by the authority, whether
wholly or partially completed, and any property, real, personal
or mixed, tangible or intangible, or any interest therein, at any
time acquired by the authority, whether wholly or partially
completed; and [to]

(III) TO sell, transfer and convey to the state
or to the county, or to any political subdivision thereof, or to
any person any project- or any part thereof at any time
constructed by the authority, whether wholly or partially
completed, and any property, real, personal or mixed, tangible or
intangible, or any interest therein, at any time acquired by the
authority[; provided, such disposition has been advertised once a
week for three successive weeks in one or more newspapers of
general circulation published in the county, stating the terms
thereof and the compensation to be received therefor; provided
further, that no such sale, transfer, or conveyance shall be made
to any person other than the county until such sale, transfer, or
conveyance is first offered to the county for its acceptance or
rejection.] IF:

1.  THE CONVEYANCE, SALE, OR TRANSFER
FIRST IS OFFERED TO THE COUNTY FOR ITS ACCEPTANCE OR REJECTION;

2.  THE DISPOSITION HAS BEEN ADVERTISED
ONCE A WEEK FOR 3 SUCCESSIVE WEEKS IN 1 OR MORE NEWSPAPERS OF
GENERAL CIRCULATION PUBLISHED IN THE COUNTY, STATING THE TERMS
AND THE COMPENSATION TO BE RECEIVED; AND

3.  IN THE CASE OF REAL PROPERTY, NOTICE
IS POSTED BEFORE ANY CONVEYANCE, SALE, OR TRANSFER IN A
CONSPICUOUS LOCATION ON THE PROPERTY SITE FOR:

A.  AT LEAST 30 DAYS; AND

B.  THROUGHOUT THE PERIOD THAT THE
NEWSPAPER ADVERTISEMENT RUNS.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.

May 25, 1989

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Session Laws, 1989
Volume 771, Page 5035   View pdf image
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