9-51-6. Contract for purchase or lease of parking lot authorized--Maximum term.
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/sd/title-9/chapter-9-51/9-51-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The governing body of any municipality may enter into a contract for a term of years, not exceeding fifteen, for the purchase or lease by the municipality of real property to be used as a parking lot and area.