Legal Documents of Sweetwater

The board may, in the operation of the system by itself or by its duly authorized officers and employees, execute deeds and enter into leases, contracts, and agreements, provided the terms of such leases, deeds, contracts, and agreements shall not conflict with the provisions of this chapter and shall be limited to a period of time, which will expire on or before twenty (20) years; provided, however, that longer term contracts may be made by and with the written authorization of the mayor and board of commissioners. The time limit prescribed in this paragraph for the duration of contracts and agreements shall not apply to bond issues. The authority given the board by this section shall not be construed to give the board authority to sell or lease all or a major portion of this system unless the transaction is duly approved by the mayor and board of commissioners, in conformity with the bond resolution, being an ordinance which shall not be passed as an emergency ordinance. (1982 Code, § 13-105)