§ 8-15-2-7 — Powers to purchase

Indiana § 8-15-2-7

• Jurisdiction: Indiana
• Art. 15: TOLL ROADS
• Ch. 2: Operation and Financing of Toll Roads

Text

The authority may:
(1) acquire by purchase, whenever it shall deem such purchase
expedient, any land, property, rights, rights-of-way, franchises,
easements, and other interests in lands as it may deem necessary
or convenient for the construction and operation of any toll road
project upon such terms and at such price as may be considered
by it to be reasonable and can be agreed upon between the
authority and the owner thereof, and to take title thereto in the
name of the state;
(2) sell, transfer, and convey any such land or any interest therein
so acquired, or any portion thereof, when the same shall no longer
be needed for such purposes; and
(3) transfer and convey any such lands or interests therein as may
be necessary or convenient for the construction and operation of
any toll road project, or as otherwise required under this chapter.
Formerly: Acts 1951, c.281, s.7; Acts 1957, c.273, s.2. As
amended by Acts 1980, P.L.74, SEC.231; P.L.109-1983,
SEC.10.