Louisiana Revised Statutes 33:2740.47 – New Orleans Central City Economic Development District
Terms Used In Louisiana Revised Statutes 33:2740.47
- 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.
A. The New Orleans Central City Economic Development District, hereinafter referred to as the “district”, is hereby created and is declared to be a body politic and political subdivision of the state of Louisiana, as defined in La. Const. Art. VI, § 44 . The district, acting through its board of commissioners, the governing authority of said district, is hereby granted all of the rights, powers, privileges, and immunities granted to political subdivisions for industrial, commercial, research, and economic development purposes, excluding the powers of expropriation and taxation.
B. The district is established for the primary object and purpose of establishing and adopting a master economic development plan for the central city area.
C. The boundaries of the district shall be comprised of that area of the city bounded by Howard Avenue, Carondelet Street, Simon Bolivar, and Washington Ave.
D.(1) The board of commissioners, hereinafter referred to as the “board”, shall be composed of the following members:
(a)(i) One member shall be the mayor of New Orleans or his designee.
(ii) One member shall be appointed by the mayor of New Orleans.
(b) One member shall be the city councilman who represents the district or his designee.
(c)(i) One member shall be the state senator who represents the district or his designee.
(ii) One member shall be appointed by the state senator who represents the district.
(d) Each state representative who represents the district shall be a member or shall appoint a designee.
(e) Three members shall be members of and appointed by Central City Partnership.
(f) Two members shall be members of and appointed by the Aretha Castle Halley Business Association.
(2) The state senator who represents the district shall call the first meeting of the board no later than January 31, 2000. At the first meeting the members shall elect a chair, a vice chairman, secretary, and any other officers needed.
(3) In preparation of the economic development plan, as provided in Subsection A of this Section, the board shall make careful and comprehensive surveys and studies of present conditions and future economic growth of the district. A plan shall be made with the general purpose of guiding and accomplishing coordinated, adjusted, and harmonious economic development of the district, which will, in accordance with present and future needs, best promote the natural, cultural, and economic resources of the district and the citizens and businesses in the district.
Acts 1999, No. 500, §1, eff. June 28, 1999.