If the city fiscal body determines by resolution adopted at a regular meeting that:
the city fiscal body may, on behalf of the city, authorize the execution of a lease with the corporation of the property to be operated as a hospital for not more than fifty (50) years, upon terms and conditions agreed upon by the fiscal body and the corporation.
IC 16-23-6-3
Pre-1993 Recodification Citation: 16-12.2-2-2.