§ 160A-403. Counties or cities authorized to acquire and reconvey real property. - North Carolina Statutes

§ 160A‑403. Counties or cities authorized to acquire and reconvey real property.

Any county or city in the State may acquire by purchase, gift, grant,bequest, devise, lease, or otherwise, the fee or any lesser interest,development right, easement, covenant, or other contractual right of or to realproperty within its respective jurisdiction, when it finds that the acquisitionis necessary to achieve the purposes of this Part. Any county or city may alsoacquire the fee to any property for the purpose of conveying or leasing theproperty back to its original owner or other person under covenants or othercontractual arrangements that will limit the future use of the property inaccordance with the purposes of this Part, but when this is done, the property maybe conveyed back to its original owner but to no other person by private sale. (1963, c. 1129, s. 3; 1971, c. 698, s. 1.)