Towns and Cities

Gifts of Industrial Facilities

SECTION 45-37-3

§ 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.

History of Section.
(P.L. 1965, ch. 198, § 1.)