Sec. 261.013. FORM AND TERMS OF LEASE IN MUNICIPALITY OF 25,000 OR LESS. (a) The governing body of a municipality with a population of 25,000 or less may lease all or part of a hospital owned by the municipality for operation by the lessee as a public hospital under terms that are satisfactory to the governing body and the lessee. The term of the lease may not exceed 50 years. (b) The lease must: (1) be authorized by ordinance or resolution adopted by the governing body; (2) be executed on behalf of the municipality by the mayor and the municipal secretary or clerk; and (3) have the seal of the municipality impressed on the lease.
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