Louisiana Revised Statutes 33:4574.17 – Acadia Parish Convention and Visitors Commission; additional powers
Terms Used In Louisiana Revised Statutes 33:4574.17
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The Acadia Parish Convention and Visitors Commission shall have the following powers necessary or convenient to effectuate its purposes:
(1) To acquire, purchase, lease, and use any property, movable or immovable, tangible or intangible, or any interest therein, subject to the applicable provisions of La. Rev. Stat. 33:4574.2(G).
(2) To sell, lease, transfer, or dispose of any property or interest therein owned by it and to sublease any property or interest therein leased by it.
(3) To construct, develop, maintain, and operate buildings and other facilities.
(4) To enter into contracts or cooperative endeavors for the operation or use of its properties or other purposes.
(5) To incur debt, even if those monies cannot be paid out of the revenues anticipated to be collected during the year in which the monies are borrowed, subject to the applicable provisions of La. Rev. Stat. 33:4574.2(G).
(6) To pledge all or any part of its revenues, income, receipts, or funds and to pledge or mortgage its properties as collateral or security for any indebtedness.
(7) To issue certificates of indebtedness pursuant to La. Rev. Stat. 33:2923.
(8) To issue bonds pursuant to La. Const. Art. VI, § 33 and other constitutional and statutory authority supplemental thereto. Such bonds may be issued only after authorization by a majority of voters in the district voting at an election called by the parish governing authority for that purpose.
Acts 2009, No. 66, §1.