125.918 Leasing of property of corporation; termination of tenancy. Sec. 18. Temporary use or occupation of real property taken by condemnation. When title to real property has vested in a redevelopment corporation or city by gift, grant, devise, purchase or in condemnation proceedings or otherwise, the redevelopment corporation or city, as the case may be, […]
125.919 Mortgages of corporation; provisions governing. Sec. 19. Mortgages. 1. Any redevelopment corporation may borrow funds and secure the repayment thereof by mortgage. Every such mortgage shall contain reasonable amortization provisions and shall be a lien upon no other real property except that forming the whole or a part of a single development area. 2. […]
125.920 Sale or lease of real estate by a city to corporation. Sec. 20. Sale or lease of real property by a city to a redevelopment corporation. 1. The local legislative body may by resolution determine that real property, title to which is held by the city, specified and described in such resolution, is not […]
125.921 Provisions of lease. Sec. 21. Provisions of lease. If real property of a city be leased to a redevelopment corporation: (1) The lease may provide that all improvements shall be the property of the lessor; (2) The lessor may grant to the redevelopment corporation the right to mortgage the fee of such property and […]
125.922 Construction of act. Sec. 22. Construction. This act shall be construed liberally to effectuate the purposes hereof, and the enumeration of specific powers in this act shall not operate to restrict the meaning of any general grant of power contained in this act or to exclude other powers comprehended in such general grant. History: […]
