Indiana § 8-6-2.1-12 Title to acquired property

Indiana Statutes

§ 8-6-2.1-12 — Title to acquired property

Indiana § 8-6-2.1-12

Art. 6RAILROAD CROSSINGS

Ch. 2.1Railroad Grade Crossing Separations

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Bluebook

Ind. Code § 8-6-2.1-12 (2026).

Text

The title to any lands, rights-of-way or other
property acquired under and pursuant to the resolution, whether by
purchase or by appropriation, shall not vest in the city until they are
paid for out of the special fund created by the sale of bonds and from
benefit assessments, or out of funds coming to the city from equitable
settlements between the parties. No indebtedness or obligation of any
kind may be incurred by the city in its corporate capacity on account of
the acquiring of any lands, rights-of-way or other property.
[Pre-Local Government Recodification Citation:
19-5-14-12.]
As added by Acts 1980, P.L.8, SEC.70.

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The title to any lands, rights-of-way or other
property acquired under and pursuant to the resolution, whether by
purchase or by appropriation, shall not vest in the city until they are
paid for out of the special fund created by the sale of bonds and from
benefit assessments, or out of funds coming to the city from equitable
settlements between the parties. No indebtedness or obligation of any
kind may be incurred by the city in its corporate capacity on account of
the acquiring of any lands, rights-of-way or other property.
[Pre-Local Government Recodification Citation:
19-5-14-12.]
As added by Acts 1980, P.L.8, SEC.70.