However, joint leasing must be approved by each leasing agent's fiscal body.(b) A lease executed by two (2) or more leasing agents as joint lessees must set out the amount of the total rental to be paid by each. A lessee has no right of occupancy or use of the transportation project or system until the total rental is paid as stipulated by the contract.[Pre-Local Government Recodification Citation: 18-5-3.3-1 part.]As added by Acts 1981, P.L.57, SEC.36. Amended by P.L.37-1988, SEC.13; P.L.343-1989(ss), SEC.16.
Indiana Legal Code