Indiana Code § 36-1-4-6

Interests in property; use, improvement, lease, or disposal
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Sec. 6. A unit may use, improve, develop, insure, protect, maintain, lease, and dispose of its interests in property. A municipality may exercise the powers granted in this section within four (4) miles outside of its corporate boundaries. [Pre-Local Government Recodification Citations: 18-1-1.5-2(4); 18-1-1.5-14 part; 18-3-1-35 part; 18-3-1-45 part; 18-4-2-6 part; 18-4-2-29 part.]

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