Sec. 18. (a) A school city may accept property in trust to be used for common school or career and technical, trade, or industrial school purposes. The school city, whether made trustee by appointment of a court or by the founder of the trust, may carry out the terms of the trust in conducting common schools or career and technical, trade, or industrial schools.
(b) If a school city by:
(1) resolution of; or
(2) other formal corporate action of;
the board accepts real estate or other property in trust under subsection (a), the school city shall perform all requirements made conditions of the trust performable by the trustee.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-3-11-29.]
As added by P.L.1-2005, SEC.9. Amended by P.L.234-2007, SEC.103.
Structure Indiana Code
Article 25. Indianapolis Public Schools
Chapter 4. General Administrative Provisions
20-25-4-1. Contracts or Obligations; Appropriations
20-25-4-2. Contracts Involving More Than $75,000; Bidding for Supplies and Materials
20-25-4-3. School Building Improvements; Bidding Procedure
20-25-4-4. Designation of Bid Committee; Opening and Tabulating of Bids
20-25-4-10. Limitations on Debt; Eminent Domain Power of Board of School Commissioners
20-25-4-11. Board of School Commissioners; Powers and Duties Conferred by Law
20-25-4-12. Board of School Commissioners; Powers; Prohibited Land Acquisitions
20-25-4-13. Operating Expenses for Special Schools and Vacation Schools; Imposition of Fees
20-25-4-14. School Cities; Power to Sell Real Estate and Transfer Personal Property
20-25-4-15. Absence of Board Commissioners or Employees; Reimbursement for Expenses
20-25-4-16. Industrial or Manual Training and Education System; Establishment
20-25-4-18. Authority of School Cities to Accept Property in Trust
20-25-4-19. School Lunches; Expenses
20-25-4-20. Applicability of General School Laws