1963 - Lane Memorial Library

HAMPTON TOWN REPORT 39
(3) The legal rights to sell such land by the
Town. Your committee engaged the services of the
law office of H. Thornton Lorrimer of Concord,
N. H., who advised as follows: "Said leased land
may be sold by this Town by either private sale or
public auction under the authority of Chapter 31,
Section 3, RSA as real estate acquired for public use
of the inhabitants, noting however, in order for this
land to be sold by the Selectmen, it must be by a
vote of the Town authorizing them to do so."
(4) The legal rights of the lease holder to such
land. The form lease presently used by the Town
does not grant the lessee any option to purchase nor
any right of first refusal so-called, therefore, the
Town is free to sell its reversion in said leased land
to anyone in the world subject of course to the unexpired
terms of the
lease.
(5) What about a Trust Fund? In the event
that the Town voted to sell the leased land, the
Committee discussed the possibility of establishing
a trust fund for the control of the proceeds rather
than placing said moneys in the general fund.
Conclusions and Recommendations
From the information which the Committee has
secured from all sources of its studies, it is their
considered opinion that inasmuch as the land now
being leased has reached almost 100 per cent of development
possibilities, said land should be retained
in its present state by the Town for the following
reasons
1. It is a definite fact that the Hampton Beach
we have today is a direct result of the control which
the town has exercised through their granting of
leases.