Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Notwithstanding chapter 40 of the General Laws, the city of Quincy acting by and through its mayor, and upon the approval of the city council, may enter into a lease agreement and lease a certain parcel of land with the building thereon, shown on the Quincy Assessor's Map 6042 as Plot 4 at the corner of Kendall street and Newbury avenue, with an address of 111 Newbury avenue in the city of Quincy to The William R. Caddy Detachment Marine Corps League Building Corporation, a Massachusetts not-for-profit corporation. The lease may be for a term of 50 years.
SECTION 2. Paragraphs (a), (b) and (g) of section 16 of chapter 30B of the General Laws shall apply to the lease authorized by section 1. The parcel described in section 1 may not be assigned to others, or sublet by any lessee, without the prior written approval of the mayor and the city council of the city of Quincy. Any further disposition of the parcel, other than that authorized by this act, shall be subject to chapter 30B and any other general law.
SECTION 3. This act shall take effect upon its passage.