Louisiana Revised Statutes 33:9033.2 – Additional powers of corporation; Calcasieu Parish
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Terms Used In Louisiana Revised Statutes 33:9033.2
- 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.
In Calcasieu Parish only, in addition to those powers and authorities granted to economic development corporations under this Chapter, the following specific powers are hereby granted:
(1) To enter into partnerships, joint ventures, and other relationships with any federal, state, or local governmental agency or with any private or public firm, partnership, corporation, or other entity.
(2) To delegate to a private development corporation or other entity any duties and responsibilities as the corporation deems necessary or convenient in order to carry out the purposes of this Chapter.
(3) To give local citizens preferential treatment in job development.
Acts 1990, No. 96, §1.