(a) After the hearing under section 29 of this chapter, the municipal legislative body may:(1) authorize the execution of the waterworks lease as originally agreed upon; or(2) make modifications as may be agreed upon with the proposed lessor;but the lease rental as set out in the published notice may not be increased without a new notice and hearing.(b) If the execution of the lease as originally agreed upon, or as modified by agreement, is authorized by the legislative body, a notice of the signing of the contract of lease shall be given by publication in accordance with IC 5-3-1.(c) An action to:(1) contest the validity of the lease; or(2) enjoin the performance of any of the terms and conditions of the lease;must be brought not later than thirty (30) days after publication of the notice of execution of the lease.As added by Acts 1982, P.L.74, SEC.1.
Indiana Legal Code