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AGO Opinions with Topic: AUTHORITY TO PURCHASE OPTIONS TO PURCHASE REAL ESTATE
AGO 1956 No. 211 >  April 30, 1956
SCHOOL DISTRICTS - TIME LIMITATION - AUTHORITY TO PURCHASE OPTIONS TO PURCHASE REAL ESTATE - BOARD OF DIRECTORS
SCHOOL DISTRICTS ‑- BOARD OF DIRECTORS - AUTHORITY TO PURCHASE OPTIONS TO PURCHASE REAL ESTATE ‑- TIME LIMITATION 1. The board of directors of a first class school district is authorized to purchase and hold either real or personal property without a vote of the district electors and may purchase options to purchase real estate if it has provided for such expenditures in its budget.  The board of directors of a second class school district is authorized to purchase real estate contiguous to a school site upon which a schoolhouse is situated by unanimous vote of the board, but to purchase real estate non-contiguous [[noncontiguous]] requires a vote of the majority of the electors of the district, and the board of directors of a third class school district is authorized to purchase additional sites either contiguous or non-contiguous [[noncontiguous]] only when authorized by a majority of the vote of the electors of the district.  2. There is no statutory limitation on the time for which an option to purchase real estate may run.
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