Section 36-8-201 – Short Title.
36-8-201. Short title. This act shall be known and may be cited as the “Wyoming Yellowstone Park Commission Act”.
Section 36-8-202 – Definitions.
36-8-202. Definitions. (a) As used in this act, the following words and terms shall have the following meanings, unless the context shall indicate another or different meaning or intent: (i) The term “commission” shall mean the Wyoming Yellowstone Park commission, created by section 4 of this act, or, if said commission shall be abolished, the […]
Section 36-8-203 – Creation; Composition; Qualification; Appointment; Terms and Removal of Members; Election of Officers; Quorum; Compensation and Expenses.
36-8-203. Creation; composition; qualification; appointment; terms and removal of members; election of officers; quorum; compensation and expenses. (a) There is created an agency and instrumentality of the state to be known as the “Wyoming Yellowstone Park commission” and by that name the commission may sue and be sued and plead and be impleaded. The exercise […]
Section 36-8-204 – Officers, Agents and Employees.
36-8-204. Officers, agents and employees. The commission may select and appoint such officers, agents and employees as it may deem proper. All such officers, agents and employees shall have such powers and duties, shall hold office for such term and be subject to removal in such manner, and shall receive such compensation as the commission […]
Section 36-8-205 – General Powers.
36-8-205. General powers. (a) The commission is hereby authorized and empowered: (i) To adopt bylaws for the regulation of its affairs and the conduct of its business; (ii) To adopt an official seal and alter the same at pleasure; (iii) To maintain a principal office and suboffice at such place or places within the state […]
Section 36-8-206 – Exercise of Powers.
36-8-206. Exercise of powers. The exercise of the powers granted by this act will be in all respects for the benefit of the people of the state, for the increase of their commerce and prosperity, and for the improvement of their health and living conditions, and as the operation and maintenance of the project by […]
Section 36-8-207 – Authority to Maintain and Operate Program.
36-8-207. Authority to maintain and operate program. In order to maintain and operate a recreational area and facilities program in Yellowstone National Park, the Wyoming Yellowstone Park commission (hereinbefore created) is hereby authorized and empowered to acquire, lease, license, improve, extend, reconstruct, maintain, repair and operate said project (as herein defined), and to issue revenue […]
Section 36-8-208 – Consent of Legislature Necessary to Execute Contract.
36-8-208. Consent of legislature necessary to execute contract. Provided, however, that before the commission shall execute any contract for the purchase or make any payment for the acquisition of Yellowstone Park recreational areas and facilities, the consent of the Wyoming state legislature shall be first obtained by statute to be hereafter enacted, amending and reenacting […]
Section 36-8-209 – Revolving Account.
36-8-209. Revolving account. There is hereby appropriated and credited to a special revolving account to be set up in the state treasury, to be known as the “Wyoming Yellowstone Park commission revolving account”, the sum of fifty thousand dollars ($50,000.00). Moneys shall be released from said account to the commission for the purpose of studying […]
Section 36-8-211 – Construction of Provisions.
36-8-211. Construction of provisions. This act, being necessary for the welfare of the state and its habitants, shall be liberally construed to effect the purposes thereof.
Section 36-8-230 – Authority to Issue; Terms.
36-8-230. Authority to issue; terms. (a) The commission shall be empowered and is hereby authorized from time to time to issue its negotiable bonds for any of its public purposes, including the payment of the cost of the project and incidental expenses in connection therewith, and to secure the payment of the same by a […]
Section 36-8-231 – Trust Agreements Generally.
36-8-231. Trust agreements generally. In the discretion of the commission any bonds issued under the provisions of this act may be secured by a trust agreement by and between the commission and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without the state. […]
Section 36-8-232 – Rights of Bondholders and Trustees.
36-8-232. Rights of bondholders and trustees. Any holder of bonds issued under the provisions of this act or any of the coupons appertaining thereto, and the trustee under any trust agreement, except to the extent the rights herein given may be restricted by such trust agreement or the resolution authorizing the issuance of such bonds, […]
Section 36-8-233 – Bonds and Expenses Not to Be Indebtedness of State or Political Subdivisions.
36-8-233. Bonds and expenses not to be indebtedness of state or political subdivisions. (a) The bonds issued under the provisions of this act shall not be deemed to constitute a debt of the state or of any political subdivision thereof or a pledge of the faith and credit of the state or of any such […]
Section 36-8-234 – Bonds Deemed Legal Investments and Deposits.
36-8-234. Bonds deemed legal investments and deposits. Bonds issued by the commission under the provisions of this act are hereby made securities in which the state and all public officers, municipal corporations, political subdivisions and public bodies, all banks, bankers, trust companies, trust and loan associations, investment companies and others carrying on a banking business, […]
Section 36-8-235 – Pledge by State to Bondholders.
36-8-235. Pledge by state to bondholders. The state of Wyoming does pledge to and agrees with the holders of the bonds issued pursuant to this act that the state will not limit or alter the rights herein vested in the commission to acquire, lease, license, construct, improve, extend, reconstruct, maintain, repair and operate the project, […]
Section 36-8-236 – Moneys Deemed Trust Funds.
36-8-236. Moneys deemed trust funds. All moneys received pursuant to the authority of this act, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds, to be held and applied solely as provided in this act. The resolution authorizing the bonds of any issue or the trust […]
Section 36-8-237 – Statutory Authority for Issuance of Bonds and Fixing of Charges.
36-8-237. Statutory authority for issuance of bonds and fixing of charges. (a) This act without reference to other statutes of the state of Wyoming shall constitute full authority for the authorization and issuance of bonds hereunder, and no other act or law with regard to the authorization or issuance of bonds or other obligations or […]
Section 36-8-238 – Existing Statutory Powers.
36-8-238. Existing statutory powers. The foregoing sections of this act shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, and shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any power now existing […]