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Code · South Dakota · Title 9 · Chapter 9-27

9-27-36. Sale or lease of municipal real property for industrial development or public purposes--Terms of lease.

88 words·~1 min read·/sd/title-9/chapter-9-27/9-27-36

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Every municipality shall have power to lease or sell on a negotiated basis and to convey any of its real property to a county or the state or another municipality, or to a nonprofit local industrial development corporation as defined by § 9-27-37 and located therein, to be used by such grantee for an authorized public purpose or industrial development purpose as enumerated in § 9-54-1 . Such lease or sale shall be authorized on the terms and in the manner provided by resolution of the governing body.
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