§10-2A-17. Charges and Rentals for Use of Athletic Establishment
The board shall have the power and it shall be its duty, by resolution to establish and maintain just and equitable charges and rentals as the case may be, for the use of such athletic establishment, and may readjust, amend and modify such charges and rentals from time to time. Such charges and rentals shall […]
§10-2A-18. Accounting System; Yearly Audit; Custodian of Funds
Any board issuing revenue bonds under the provisions of this article, shall install and maintain a proper system of accounting showing the amount of revenue received and the application of same and the board shall, at least once a year, cause such accounts to be properly audited by a competent Auditor and the report of […]
§10-2A-19. Board to Pay Charges and Rentals for Use of Establishment
The board shall be subject to the same charges and rentals established as hereinbefore provided, or to charges and rentals established in harmony therewith, for the use of such athletic establishment, and shall pay such charges and rentals, when due, from corporate funds, and the same shall be deemed to be a part of the […]
§10-2A-20. Operation Under Supervision and Control of Board; Leasing
The board may, in its discretion, provide by resolution that the custody, administration, operation and maintenance of such athletic establishment shall be under the supervision and control of a committee as provided by section three hereof, and in such case, the board may provide by resolution for said committee to exercise such of the functions […]
§10-2A-21. When Statutory Mortgage Lien Created; Enforcement of Lien by Bondholders; Suit to Compel Performance of Duties
In the event bonds issued hereunder are not secured by a trust indenture as provided for in section fifteen of this article, there shall be, and there is hereby, created a statutory mortgage lien upon such athletic establishment acquired or constructed under the provisions of this article, which shall exist in favor of the holder […]
§10-2A-22. Acquisition of Property on Which Encumbrance Exists
No property shall be acquired under this article upon which any lien or other encumbrance exists, unless at the time such property is acquired a sufficient sum of money, derived from the sale of bonds issued hereunder or otherwise, be deposited in trust to pay and redeem such lien or encumbrance in full.
§10-2A-23. Protection and Enforcement of Rights of Bondholders; Receivership
Any holder of any such bonds or any of the coupons attached thereto, and the trustee, if any, except to the extent that the rights herein given may be restricted by the resolution authorizing issuance of the bonds or by the trust indenture, may either at law or in equity, by suit, action, mandamus, or […]
§10-2A-24. Article Confers Additional Powers
The authority herein given shall be in addition to and not in derogation of any power existing in any board under any Constitutional, statutory or other provisions of the law which it now may have or may hereafter acquire.
§10-2A-25. Construction of Powers Conferred
This article shall, without reference to any other statute, be deemed full authority for the construction, acquisition, improvement, equipment, maintenance, operation and repair of the athletic establishment herein provided for, and for the issuance and sale of bonds by this article authorized, and shall be construed as an additional alternative method therefor, and for the […]
§10-2A-26. Article Liberally Construed
This article being for the public health, safety, and welfare, shall be liberally construed to effectuate the purposes thereof.