South Dakota Statutes
§ 9-27-36 — Sale or lease of municipal real property for industrial development or public purposes--Terms of lease.
Every municipality shall have power to lease or sell on a negotiated basis and to convey any of its real property to a county or the state or another municipality, or to a nonprofit local industrial development corporation as defined by § 9-27-37 and located therein, to be used by such grantee for an authorized public purpose or industrial development purpose as enumerated in § 9-54-1 . Such lease or sale shall be authorized on the terms and in the manner provided by resolution of the governing body.
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South Dakota § 9-27-36 (Sale or lease of municipal real property for industrial development or public purposes--Terms of lease.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1976, ch 63, § 1; SL 1977, ch 48, § 3.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.