Utah Code 39A-2-101. State Armory Board — Creation — Members — A body corporate — Powers — Expenses
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(1) There is created a three member State Armory Board with the following members:
Terms Used In Utah Code 39A-2-101
- Adjutant general: means the commanding general of the Utah National Guard as appointed by the governor under Section 39A-1-201. See Utah Code 39A-1-102
- Bequest: Property gifted by will.
- City: includes , depending on population, a metro township as defined in Section
10-3c-102 . See Utah Code 68-3-12.5 - Contract: A legal written agreement that becomes binding when signed.
- Devise: To gift property by will.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- National Guard: means the Utah National Guard created in Section 39A-3-101 and in accordance with Utah Constitution Article XV. See Utah Code 39A-1-102
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(1)(a) the governor;
(1)(b) the executive director of the Department of Government Operations; and
(1)(c) the adjutant general of the Utah National Guard, appointed in accordance with Section 39A-3-102.
(2) The board is a body corporate with perpetual succession and the board’s property is exempt from all taxes and assessments.
(3) The board may:
(3)(a) have and use a common seal;
(3)(b) sue and be sued;
(3)(c) contract and be contracted with;
(3)(d) take and hold by purchase, gift, devise, grant, or bequest real and personal property required for the board’s use; and
(3)(e) convert property received by gift, devise, or bequest, and not suitable for the board’s uses, into other property as available, or into money.
(4) The board may:
(4)(a) borrow money for the purpose of providing facilities, ranges, and training lands upon the sole credit of the real property to which the board has legal title; and
(4)(b) secure loans described in Subsection (4)(a) by mortgage upon property to which the State Armory Board has legal title.
(5)
(5)(a) Property mortgaged for a loan as provided in Subsection (4)(b) shall be the sole security for the loan.
(5)(b) A deficiency judgment may not be made, rendered, or entered against the board upon the foreclosure of a mortgage under Subsection (4)(b).
(5)(c) The board may not mortgage property in one city for the purpose of obtaining money for the erection of armories in any other place.