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<br />of the procedures authorized for sale of real property. (1971, c. 698, s. 1; 1979, 2nd Sess., c.
<br />1247, s. 26.)
<br />§ 160A- 272.1. Lease of utility or enterprise property.
<br />Subject to G.S. 160A -321, a city -owned utility or public service enterprise, or part thereof,
<br />may be leased. (1979, 2nd Sess., c. 1247, s. 27.)
<br />§ 160A -273. Grant of easements.
<br />A city shall have authority to grant easements over, through, under, or across any city
<br />property or the right -of -way of any public street or alley that is not a part of the State highway
<br />system. Easements in a street or alley right -of -way shall not be granted if the easement would
<br />substantially impair or hinder the use of the street or alley as a way of passage. A grant of air
<br />rights over a street right -of -way or other property owned by the city for the purpose of erecting a
<br />building or other permanent structure (other than utility wires or pipes) shall be treated as a sale
<br />of real property, except that a grant of air rights over a street right -of -way for the purpose of
<br />constructing a bridge or passageway between existing buildings on opposite sides of the street
<br />shall be treated as a grant of an easement. (1971, c. 698, s. 1.)
<br />§ 160A -274. Sale, lease, exchange and joint use of governmental property.
<br />(a) For the purposes of this section, "governmental unit" means a city, county, school
<br />administrative unit, sanitary district, fire district, the State, or any other public district, authority,
<br />department, agency, board, commission, or institution.
<br />(b) Any governmental unit may, upon such terms and conditions as it deems wise, with
<br />or without consideration, exchange with, lease to, lease from, sell to, or purchase from any other
<br />governmental unit any interest in real or personal property.
<br />(c) Action under this section shall be taken by the governing body of the governmental
<br />unit. Action hereunder by any State agency, except the Department of Transportation, shall be
<br />taken only after approval by the Department of Administration. Action with regard to State
<br />property under the control of the Department of Transportation shall be taken by the Department
<br />of Transportation or its duly authorized delegate. Provided, any county board of education or
<br />board of education for any city administrative unit may, upon such terms and conditions as it
<br />deems wise, lease to another governmental unit for one dollar ($1.00) per year any real property
<br />owned or held by the board which has been determined by the board to be unnecessary or
<br />undesirable for public school purposes. (1969, c. 806; 1971, c. 698, s. 1; 1973, c. 507, s. 5; 1975,
<br />c. 455; c. 664, s. 9; c. 879, s. 46; 1977, c. 464, s. 34; 2001 -328, s. 6.)
<br />§ 160A -275. Warranty deeds.
<br />Any city, county, or other municipal corporation is authorized to execute and deliver deeds to
<br />any real property with full covenants of warranty, without regard to how the property was
<br />acquired, when, in the opinion of the governing body, it is in the best interest of the city, county,
<br />or other municipal corporation to convey by warranty deed. Members of the governing boards of
<br />counties, cities, and other municipal corporations are hereby relieved of any personal or
<br />individual liability by reason of the execution of warranty deeds to governmentally owned
<br />property unless they act in fraud, malice, or bad faith. (1945, c. 962; 1955, c. 935; 1969, cc. 48,
<br />223, 332; c. 1003, s. 5; 1971, c. 698, s. 1.)
<br />§ 160A -276. Sale of stocks, bonds, and other securities.
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<br />Attachment number 2
<br />G -6 Page 303
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