Section 9-51-6 - Contract for purchase or lease of parking lot authorized--Maximum term.
9-51-6. Contract for purchase or lease of parking lot authorized--Maximum term. The governing body of any municipality may enter into a contract for a term of years, not exceeding fifteen, for the purchase or lease by the municipality of real property to be used as a parking lot and area.
Source: SL 1953, ch 273; SDC Supp 1960, § 45.0201-1 (14).