§ 25:850.11 Louis Armstrong Park Authority and Historic Jazz District; creation, composition, and powers

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Terms Used In Louisiana Revised Statutes > Title 25 > Chapter 17-E - Louis Armstrong Park Authority and Historic Jazz District

  • 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.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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
  • Quorum: The number of legislators that must be present to do business.