As Amended
SEC. 37-7-477. Required provisions of instrument disposing of property.
Any instrument conveying or leasing any school property under the provisions of Sections 37-7-471 through 37-7-483, shall provide that the title to such property shall automatically revert to the school district, if such property shall cease to be used for the purpose for which it is conveyed or leased. Said instrument shall also contain the condition that the grantee or lessee shall keep and maintain said property in a good state of repair and shall keep said property insured in a reasonable amount against loss by fire, windstorm and other hazards. Upon breach of any of said conditions, the school board shall have the right of reentry upon said property as for condition broken and shall have the power and authority to bring and maintain such actions as shall be necessary and appropriate for such purpose in its own name.
SOURCES: Codes, 1942, Sec. 6328-105; Laws, 1958, ch. 596, Sec. 5; 1966, ch. 413, Sec. 1; 1986, ch. 492, Sec. 35, eff from and after July 1, 1987.