§ 7-89-115. Powers of Municipalities to Aid or Assist Authorities
Any municipality is authorized to aid or otherwise provide assistance to an authority created pursuant to this chapter by the municipality, including entering into leases or lease-purchase agreements of projects, or parts of projects with an authority, for such term or terms and upon such conditions as may be determined by resolution of the governing […]
§ 7-89-116. Execution of Leases, Contracts, Deeds
Except as otherwise provided in this chapter, all leases, contracts, deeds of conveyance or instruments in writing executed by the authority shall be executed in the name of the authority by the chair or secretary of the authority, or by such other officers as the board of directors, by resolution, may direct, and the seal […]
§ 7-89-117. Wage Rates and Benefits for Workers — Solicitation of Bids From Minority-Owned Businesses
In the case of an authority created by a municipality subject to title 7, chapter 4, part 2, the authority shall, if otherwise applicable, be subject to §§ 7-4-205 and 7-4-206 in addition to the metropolitan government; provided, that, notwithstanding any contrary provision of §§ 7-4-205 and 7-4-206, the governing body of the municipality may, […]
§ 7-89-118. Disposition of Earnings
The authority shall be a public nonprofit corporation, and no part of its net earnings remaining after payment of its expenses shall inure to the benefit of any individual, firm or corporation, except that, in the event the board of directors determines that sufficient provision has been made for the full payment of the expenses, […]
§ 7-89-103. Chapter Definitions
As used in this chapter, unless the context otherwise requires: “Authority” or “convention center authority” means any public corporation organized pursuant to this chapter; “Board” or “board of directors” means the governing body of the authority; “Bonds” or “revenue bonds” means bonds, notes, interim certificates or other obligations of an authority issued pursuant to this […]
§ 7-89-104. Adoption of Resolution to Form Authority
If the governing body of a municipality, by appropriate resolution duly adopted, finds and determines that it is wise, expedient, necessary or advisable that a convention center authority of the municipality be formed, authorizes the chief executive officer of the municipality to form the authority and approves the form of corporate charter proposed to be […]
§ 7-89-105. Charter Contents
The charter shall set forth: The name of the authority, which shall be the convention center authority of the city, county or metropolitan government of , where the blank is to be filled in with the name of the municipality, if the name is available for use by the authority, and if not available, then […]
§ 7-89-106. Filing of Charter
When executed and acknowledged in conformity with § 7-89-105, the charter shall be filed with the secretary of state. The secretary of state shall examine the charter and, if the secretary of state finds that the recitals contained in the charter are correct, that the requirements of § 7-89-104 have been complied with and that […]
§ 7-89-107. Amendment of Charter
The charter may, at any time and from time to time, be amended in a manner not inconsistent with § 7-89-105. Any such amendment shall be adopted in the following manner: The board of directors of the authority shall file with the governing body of the municipality an application in writing seeking permission to amend […]
§ 7-89-108. Board of Directors
The authority shall have a board of directors in which all corporate powers of the authority shall be vested. The board shall consist of no fewer than seven (7) directors, all of whom shall be duly qualified voters of the municipality. A director shall serve without compensation, except that the authority may reimburse a director […]