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Terms Used In Louisiana Revised Statutes 32:693

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10

            The council may exercise powers necessary, pertinent, convenient, or incidental to carrying out its purposes, including but not limited to the following rights and powers:

            (1) To develop programs and projects that carry out the purpose of the council, including but not limited to enhancing safety and training, providing for research and development, and educating the public.

            (2) To provide for the payment of all council costs with funds collected pursuant to this Part.

            (3) To coordinate council activities with the industry associations and others, as appropriate, to provide efficient delivery of services and avoid unnecessary duplication of efforts and activities.

            (4) To contract with any public or private person, partnership, association, or corporation to carry out the purpose of the council.

            (5) To apply for, receive, and accept grants, loans, advances, and contributions from any source of money, property, labor, or other things of value, to be held, used, and applied for the council’s purposes.

            (6) To enter into cooperative endeavor agreements with the LMTA Foundation, Inc., or its successor entity, a nonprofit corporation, for the use of staff and resources to carry out the powers and duties of the council.

            Acts 2019, No. 314, §1.