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.
AGO 1956 NO. 211 > Apr 30 1956
SCHOOL DISTRICTS ‑- BOARD OF DIRECTORS - AUTHORITY TO PURCHASE OPTIONS TO PURCHASE REAL ESTATE ‑- TIME LIMITATION