Louisiana § RS 33:4574.17 - Acadia Parish Convention and Visitors Commission; additional powers

§ RS 33:4574.17. Acadia Parish Convention and Visitors Commission; additional powers

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 R.S. 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 R.S. 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 R.S. 33:2923.

(8)  To issue bonds pursuant to Article VI, Section 33 of the Constitution of Louisiana 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.