§ 36-9-29.1-16 — Payments for property or work; damages assessed; title vested in consolidated city

Indiana § 36-9-29.1-16

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 9: TRANSPORTATION AND PUBLIC WORKS
• Ch. 29.1: Flood Control District in Marion County

Text

(a) From the separate and specific fund
derived from sale of the bonds as provided in this chapter, and from no
other source, the board shall pay to the parties entitled to it the amounts
respectively due them for any lands, rights-of-way, or other property
taken or purchased, or for work done by contract or otherwise.
(b) In case the lands, rights-of-way, or other property is secured by
purchase or contract, the payment shall be made according to the terms
of the contract. In case of any such property taken by condemnation as
provided in this chapter, the amount of damages assessed shall be paid
or tendered as provided in this chapter, within ninety (90) days after the
final determination of the condemnation proceedings, or as soon after
that as the fund arising from the bonds is available. The title to the
lands, rights-of-way, or other property, or that part so paid for or
otherwise acquired then becomes vested in the consolidated city, in the
manner, to the extent, for the purpose, and subject to the limitations
provided in this chapter.
(c) The board shall order payments from the fund to be made to
contractors in accordance with IC 36-1-12.
As added by Acts 1982, P.L.77, SEC.24.