§ 8-10-5-20 — Contracts; purchase, lease, or acquisition of land or other property

The board of directors of a port authority may
enter into such contracts or other arrangements with the United States
government, or any department thereof, with persons, railroads, or
other corporations, with public corporations, and with the state
government of this or other states, with counties, municipalities,
townships, or other governmental agencies created by or under the
authority of the laws of the state of Indiana, including sewerage,
drainage, conservation, conservancy, or other improvement districts in
this or other states as may be necessary or convenient for the exercise
of powers granted by the provisions of this chapter, including the
making of surveys, investigations, or reports thereon, provided that
such contracts or arrangements shall not be in violation of the Indiana
Constitution. The board of directors may purchase, lease, or acquire
land or other property in any county of the state of Indiana and in
adjoining states for the accomplishment of an authorized purpose of the
port authority, or for the improvement of the harbor and port facilities
over which the port authority may have jurisdiction, and may let
contracts or spend money for making such improvements or
development of port facilities in adjoining states.
Formerly: Acts 1959, c.343, s.19. As amended by P.L.66-1984,
SEC.26.