§ 45-37-3. Powers.
In addition to any other powers which it may now have, and notwithstanding any law
to the contrary, the state and any municipality have, without any other authority,
the following powers:
(1) To acquire by gift, from a nonbusiness corporation formed under the provisions of
chapter 6 of title 7, one or more industrial facilities, which are located within this state and which
may be located within or partially within the municipality.
(2) To lease to any person, firm, partnership, or corporation, either public or private,
any or all of its industri
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§ 45-37-3. Powers.
In addition to any other powers which it may now have, and notwithstanding any law
to the contrary, the state and any municipality have, without any other authority,
the following powers:
(1) To acquire by gift, from a nonbusiness corporation formed under the provisions of
chapter 6 of title 7, one or more industrial facilities, which are located within this state and which
may be located within or partially within the municipality.
(2) To lease to any person, firm, partnership, or corporation, either public or private,
any or all of its industrial facilities for rentals and upon terms and conditions
and for a period or periods as the governing body of the appropriate municipality
may deem advisable or, in respect of the state, or a department, board, body, or commission
of the state, as the governor may deem advisable; provided, that the lease or leases
require that the payment of all costs of operation, maintenance, and upkeep of the
industrial facilities be paid by the lessee, sublessee, or occupant, and that under
no circumstances will the state or municipality be obligated, directly or indirectly,
for the payment of those costs.
(3) To sell and convey all or any part of any industrial facility owned by it at public
or private sale with or without advertisement, and to do all acts necessary to the
accomplishment of that sale or conveyance.