insurance; county inspection of bridge Sec. 6. A contract of lease may provide that as a part of the lease rental for a bridge the lessee shall agree to pay all taxes and assessments levied against or on account of the leased bridge and to maintain insurance for the benefit of the lessor corporation. The county may inspect the bridge whenever the county considers it necessary. Formerly: Acts 1975, P.L.92, SEC.2. As amended by P.L.86-1988, SEC.29.
IC 8-16-3.5-7 Contracts of lease before completion of bridge; bond Sec. 7. (a) A county may, in anticipation of the construction of a bridge, make and enter into a contract of lease with the lessor corporation subject to the approval of the department of local government finance prior to the actual acquisition of a site and the construction of the bridge, but the contract of lease shall not provide for the payment of any lease rental by the lessee until the bridge is completed and ready for use, at which time the stipulated lease rental may begin. (b) As a condition of entering into a lease, a county may require a lessor corporation to furnish a bond in a specified amount conditioned upon the completion of the bridge within a specified period of time. Formerly: Acts 1975, P.L.92, SEC.2. As amended by P.L.86-1988, SEC.30; P.L.90-2002, SEC.324.