Sec. 6. The lease may provide that, as a part of the lease rental for the library building or buildings, the lessee or lessees shall agree to:
(1) pay all taxes and assessments levied against or on account of the leased property;
(2) maintain insurance on the property for the benefit of the lessor corporation; and
(3) assume all responsibilities for repair and alterations with regard to the building or buildings during the term of the lease.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-14-10-6.]
As added by P.L.1-2005, SEC.49.
Structure Indiana Code
Chapter 10. Leasing of Library Property
36-12-10-1. Application of Chapter
36-12-10-2. Power to Lease Library Buildings; Conditions; Joint Lease Contracts
36-12-10-3. Authorized Purposes of Leases; Limitations on Profit; Disposition of Excess Funds
36-12-10-4. Provisions of Lease
36-12-10-5. Submission of Plans and Specifications to Certain State Agencies; Approval
36-12-10-6. Authorized Provisions of Lease; Payment of Taxes, Insurance, and Repairs
36-12-10-7. Leases in Anticipation of Completion of Building; Bond
36-12-10-8. Notice and Hearing on Terms and Conditions of Proposed Lease
36-12-10-10. Applicability; Title to Real Property; Sale; Procedure
36-12-10-12. General Obligation Bonds