Private Acts of 1949 Chapter 886

WHEREAS, Benton County, Tennessee, and the Board of Mayor and Aldermen of the Town of Camden, Tennessee, are the owners of a certain tract of land located in the Town of Camden, in Benton County, Tennessee, upon which has been constructed a building; said tract of land being described as follows:

Bounded on the north by the lands of J. W. Capps; on the south by the lands of Frank Saunders: on the east by the Camden School property; and on the west by the lands of D. L. Holland, and containing four acres, more or less.

WHEREAS, said property is not now being used by Benton County, Tennessee, nor the Board of Mayor and Aldermen of the Town of Camden, and is not now needed by either in the exercise of its governmental functions;

SECTION 1. That there is hereby created a Surplus Property Board consisting of five (5) members who are hereby authorized and directed to take charge of the above described property and to manage, rent, improve, control and maintain the same for and on behalf of Benton County, Tennessee, and the Board of Mayor and Aldermen of the Town of the Camden, Tennessee. Said Board shall be known as the Surplus Property Board, shall be a body corporate and governmental agency with the powers, privileges and exemptions appertaining thereto, and shall consist of five (5) members, who shall be of lawful age and residents of Benton County, Tennessee; one member to be elected by a majority of the Board of Mayor and Aldermen of the Town of Camden, to serve for a term of three years beginning April 15, 1949, and two members to be elected by a majority vote of the Quarterly County Court of Benton County, Tennessee, one of such members to serve for a term of one year beginning April 15, 1949, and the other such member to serve for a term of two years beginning April 15, 1949. Successors to said three original members of said Board shall be elected respectively by the Board of Mayor and Aldermen of the Town of Camden, Tennessee, and the Quarterly County Court of Benton County, Tennessee, for three years, except in the case of a vacancy, in which case the election shall be for the unexpired term. The Mayor of the Town of Camden and the County Judge of Benton County shall be ex officio members of said Board while they remain in such offices.

The member who shall be elected by the Board of Mayor and Aldermen of the Town of Camden shall be a member of such Board of Mayor and Aldermen; and the members to be elected by the Quarterly County Court of Benton County shall be members of that body. Members of the Quarterly County Court who shall become candidates for such office may vote in the election therefor, and members of the Board of Mayor and Aldermen who become candidates may likewise vote in the election to be held by that body.

SECTION 2. That said Board shall have full and complete custody, control and charge of said above described property, and is hereby authorized and directed to maintain said property and keep the same in good repair or provide for its repair and maintenance and is hereby authorized to rent or lease said property for a period of not to exceed twenty-five years upon such term and conditions as it shall think proper.

SECTION 3. That said Board may from time to time, as it sees fit, expend upon said property such funds as may be available by the Quarterly County Court of Benton County, Tennessee, and by the Board of Mayor and Aldermen of the Town of Camden, Tennessee and such funds as may come into the hands of said Board as rent on said property. In the event said Board shall have on hand any net profits on the first day of July of any year, it shall turn over to the County of Benton two-thirds of such profits and the Town of Camden one-third of such profits. Said Board shall make a report to the Quarterly County Court of Benton County, Tennessee, and to the Board of Mayor and Aldermen of the Town of Camden on the first day of January of each year.

SECTION 4. That this Act take effect from and after its passage, the public welfare requiring it.

Passed: April 15, 1949.