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.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
