Sec. 306.033. LAND ACQUIRED IN NAME OF BOARD; SALE OF LAND. Any interest in land acquired by lease or otherwise and used in connection with a park under this chapter may be acquired in the name of the board. The interest may be sold only if: (1) the sale is made by the titleholder in compliance with the municipal charter or in compliance with Subchapter A , Chapter 263 ; and (2) contractual arrangements are made for the retirement of any indebtedness associated with the interest and issued under this chapter.
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