§ 54. Expenses of Board
The Board of Directors shall serve without compensation but shall receive a $75 per day per-diem allowance for each day or a part thereof spent in the exercise of their duties.
§ 55. Manager; Treasurer
The Board of Directors may employ a Manager to conduct the affairs of the Authority, supervise the construction of all buildings and operation of parks, beaches and structures and generally transact its business subject to the direction of the Board and responsible to it. The financial affairs of the Authority shall be conducted by its […]
§ 56. Exemption from taxes; title to property
The Authority shall not be required to pay any taxes or assessments on any property acquired by it for its purposes or on any income derived from any of its authorized activities. The Authority shall retain title to all real property within the park areas, except property owned by the Federal or Territorial Governments.
§ 51. Policy; purpose of Magens Bay Authority; corporate instrumentality
(a) The Government of the Virgin Islands hereby declares that the welfare of the Virgin Islands and the improvement of the health and living standards of its people require that public use and development of park and beach areas be facilitated by the establishment of a public agency to plan and execute a continuing constructive […]