CHAPTER 16. FERRIES.STATE PURCHASE OF DISPLACED FERRIES
IC 8-2-16
Chapter 16. Ferries.State Purchase of Displaced Ferries
IC 8-2-16-1
Valuation of property
Sec. 1. (a) Within one (1) year after the opening for public use of
any interstate bridge, the construction of which is authorized by any
law of the state, regardless of the state agency, commission, or
administrative body authorized to make such construction, the state
agency, commission or administrative body so authorized to
construct, operate, and maintain any interstate bridge shall purchase
the ferry, equipment, real estate or interests therein, franchises,
rights, and privileges used in connection with the operation of any
ferry which has been in continuous operation for at least fifteen (15)
years prior thereto and which is located within ten (10) miles of the
site of the bridge, and pay the owner therefor a fair cash value. If the
agency, commission, or administrative body and the owner of the
ferry shall be unable to agree upon a fair cash value, the valuation of
the property shall be determined in the manner provided by law for
the condemnation of property for appropriate county purposes by
counties. In the event the owner of the ferry shall not agree to the
establishment of the valuation according to the foregoing method,
then the agency, commission, or administrative body shall not be
required to purchase the assets from the owner of the ferry.
(b) In the event that any agency, commission, or administrative
body shall purchase any ferry, equipment, or real estate or interests
therein, they shall forthwith proceed to have appraised and to sell the
ferry, equipment, and real estate or rights. After the appraisal and
proposed sale of the property, it shall be first offered for sale for a
period of not less than ninety (90) days to the local, county, or
municipal unit of government in which the ferry, equipment, and real
estate or rights therein are situated.
(Formerly: Acts 1961, c.334, s.1.) As amended by Acts 1978, P.L.56,
SEC.1; P.L.18-1990, SEC.29.
IC 8-2-16-2
"Interstate bridge" defined
Sec. 2. For the purposes of this chapter the term "interstate
bridge," means any bridge across a navigable stream one terminus of
which is located in the state of Indiana and the other terminus which
is located in a neighboring state other than the state of Illinois.
(Formerly: Acts 1961, c.334, s.2.) As amended by Acts 1978, P.L.56,
SEC.2.
IC 8-2-16-3
Scope of law
Sec. 3. The provisions of this chapter shall apply to any bridge or
bridges constructed by or paid for by, in whole or in part, any
agency, commission or administrative body of the state of Indiana
acting alone or in conjunction with any agency, commission or
administrative body of any other state or with any agency,
commission or administrative body of the Federal Government.
(Formerly: Acts 1961, c.334, s.3.) As amended by Acts 1978, P.L.56,
SEC.3.