Upon being authorized by a resolution of the school board as is provided by Section 37-7-471, the president and secretary shall be authorized and empowered to execute, for and on behalf of the school district, a conveyance or lease of the property for the purposes, upon the terms and conditions, and for the consideration provided and specified by the school board, including retention of a partial interest, or undivided interest or other ownership interest in the property, in the discretion of the school board. It shall not be necessary or requisite that competitive bids be advertised for or received in connection with such sale, conveyance, leasing or other disposition of property.
Structure Mississippi Code
Chapter 7 - School Districts; Boards of Trustees of School Districts
Article 9 - Acquisition and Disposition of District Property
Disposition of Property Not Needed for School Purposes; Additional Method
§ 37-7-473. Persons to whom property may be disposed; authorized uses
§ 37-7-475. Execution of conveyance or lease by president and secretary of board
§ 37-7-481. School boards empowered to exercise authority conferred
§ 37-7-483. Declaration of legislative intent; relationship of provisions with other laws