(a) The contract under which an exposition or convention hall is encumbered must provide that the governing body of the municipality shall manage and control the hall during the time the hall is encumbered.
(b) The governing body may:
(1) adopt rules governing the use and rental of the exposition or convention hall and for the payment of those rents; and
(2) provide penalties for:
(A) the violation of rules adopted under Subdivision (1);
(B) the use of the hall without the consent or knowledge of the authorities in charge of the hall; or
(C) any interference with, trespass on, or injury to the hall or the property on which the hall is located.