Common use of Holding and Managing Property Clause in Contracts

Holding and Managing Property. The Land Bank may exercise the authority of its home rule Members to hold and own in the Land Bank’s name any property acquired by the Land Bank or otherwise transferred or conveyed to the Land Bank by a government unit, an intergovernmental entity, or any other public or private person or entity. Exercising the home rule authority of its Members, the Land Bank may control, hold, manage, maintain, operate, repair, lease, convey, demolish, relocate, rehabilitate, or take all other actions necessary to preserve the value of the property it holds or owns.

Holding and Managing Property. The Land Bank may exercise the authority of its home rule Members to hold and own in the Land Bank’s name any property acquired by the Land Bank or otherwise transferred or conveyed to the Land Bank by a government unit, an intergovernmental entity, or any other public or private person or entityperson. Exercising the home rule authority of its the Members, the Land Bank may control, hold, manage, maintain, operate, repair, lease, convey, demolish, relocate, rehabilitate, or take all other actions necessary to preserve the value of the property it holds or owns.