John, 
You should be able to use your regular outgoing loan form.  You will not
want to make the loan "permanent" (there is no such thing by the way) but
rather make it a renewable loan that renews in 5, 10, 15, or 20 years or
whatever term length makes sense.  You will want to review your state's
abandoned property laws (if appropriate) to conform to them and you will
want a method to periodically check up on the object so having a renewable
loan will allow for that.  You don't want to let either your institution or
the city forget about this object.  Also, you will want to provide for in
your loan conditions how the object will be cared for and what can and
cannot be done to it (ie painting, cleaning, repairs, etc)  Just because it
is large and going outside, you do not just want to loan it and "forget"
about it.

Hope this helps.
Tracie

Tracie Evans
Collections Manager
Texas Ranger Hall of Fame and Museum
[log in to unmask]
PO Box 2570 Waco TX 76702
254/750-8631
 

> -----Original Message-----
> From:	John Martinson [SMTP:[log in to unmask]]
> Sent:	Monday, November 15, 2004 12:17 PM
> To:	[log in to unmask]
> Subject:	permanent loan
> 
> We have a "50,000" pound object that a city wants to put on display
> in a public park for interpretation.  Would anyone have any legal
> language that allows us to "loan" (through an outgoing loan
> agreement) the object on a permanent basis, but still retain ownership
> of the item?  Thanks! 
> 
> John Martinson
> Museum Specialist
> Snake River Area Office
> Boise, ID 
> (208) 383-2287
> 
> RECLAMATION 
> Managing Water in the West
> 
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