Louisiana Revised Statutes 33:9205 – Corporate and governmental status of board; domicile; evidence of acts and proceedings
Terms Used In Louisiana Revised Statutes 33:9205
- 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.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
A.(1) The board shall constitute a body corporate in law with all the powers of a corporation and with all the powers and rights of a political subdivision of the state relating to the incurring of debt and the issuing of bonds and other debt obligations therefor.
(2) The domicile of the board shall be designated by the commissioners at the first regular meeting of the board.
B. The board may:
(1) Buy and sell property;
(2) Incur debt, and contract obligations in accordance with law;
(3) Sue and be sued; and
(4) Perform any and all acts in its corporate capacity and in its corporate name which are necessary and proper for carrying out the purposes and objects for which it was created.
C. The board shall have a corporate seal, and copies of all the regulations and copies of proceedings of the board certified by its secretary under its corporate seal shall be received in all courts as prima facie evidence of the acts and proceedings of the board.
Acts 1984, No. 161, §1.