Section 50-2703 – PUBLIC CORPORATIONS — CREATION, DISSOLUTION.
50-2703. PUBLIC CORPORATIONS — CREATION, DISSOLUTION. (1) For the purpose of facilitating economic development and employment opportunities in the state of Idaho through the financing of the project costs of industrial development facilities, a municipality may enact an ordinance creating a public corporation for the purposes authorized in this chapter. The ordinance creating the public […]
Section 50-2704 – BOARD OF DIRECTORS OF A PUBLIC CORPORATION.
50-2704. BOARD OF DIRECTORS OF A PUBLIC CORPORATION. The ordinance creating a public corporation shall include provisions establishing a board of directors to govern the affairs of the corporation, what constitutes a quorum of the board of directors, and how the corporation shall conduct its affairs. The board of directors will consist of no less […]
Section 50-2705 – PUBLIC CORPORATIONS — DIRECTORS.
50-2705. PUBLIC CORPORATIONS — DIRECTORS. It shall be illegal for a director, officer, agent or employee of a corporation to have, directly or indirectly, any financial interest in any property to be included in or any contract for property, services or materials to be furnished or used in connection with any industrial development facility financed […]