The land bank shall be deemed to be a public corporation acting in a governmental capacity and a political subdivision of the state, and shall have permanent and perpetual duration until terminated and dissolved in accordance with the Act. The land bank, and all of its assets, liabilities, bond obligations, employees, rights, and duties, shall be separate from the municipality. The land bank shall have and possess all of the powers, rights, and duties provided by the Act. The land bank’s records and documents shall be considered public records under the state public records laws.
Source: Ord. No. 5861, § 1, 12-18-23;