Sec. 4. The term of a lease under this chapter may not exceed fifty (50) years. However, the lease must provide that the municipality has an option to renew the lease for a further term on similar conditions. [Pre-Local Government Recodification Citation: 19-2-5.5-3 part.] As added by Acts 1981, P.L.309, SEC.97.
Maximum duration; options to renew
Ind. Code § 36-9-24-4, under Leasing of Sewage Disposal Facilities.
Ind. Code § 36-9-24-4