2006 Louisiana Laws - RS 3:534 — Powers

§534.  Powers

Facility created under the terms of this Part shall through the action of its board of directors, taken as provided in this Part, have power:

(1)  To acquire by purchase, lease, condemnation, or otherwise, such land or interest in land, or other property, real or personal, as may be necessary in its opinion to the operation of the market, and may mortgage, sell, lease, rent, exchange, or otherwise dispose of any such property as it may deem advisable. However, no real estate shall be sold unless the sale is approved by the governor and trustee of the bondholders.

(2)  To plan, build, construct, or operate, or cause to be built, constructed, or operated, such buildings, structures, equipment, and appurtenances thereto as it may deem necessary for the operation of the market, including, without limiting the generality of the foregoing, restaurants, filling stations, garages and warehouses, provisions for sanitation and similar accessories for market operation.

(3)  To borrow money, make and issue negotiable notes, bonds, refunding bonds, and other evidences of indebtedness or obligations, herein called "bonds", of the facility. These bonds shall have a maturity date not longer than thirty years from the date of issue. The board has power to secure the payment of these bonds or any part thereof by pledge or mortgage of all of its revenues, receipts or other assets, real or personal, and to make such arrangements with the purchasers or holders of the bonds, or with others in connection with the bonds, whether issued or to be issued as the board shall deem advisable, and in general to provide for the security of the bonds and the rights of the holders thereof. However, no obligations incurred by the facility shall be a debt to the state or any of its political subdivisions, or a pledge of the credit or taxing power of the state or any political subdivisions thereof. The facility is authorized to receive appropriations, gifts, and contributions of money, supplies, goods and services, or loans thereof, if approved by the governor, and the political subdivisions of this state are hereby authorized to make upon whatever terms and in whatever manner as may be required by the laws of this state, these appropriations and loans to facilities.

(4)  To employ a market manager qualified to operate a market of the type contemplated by the facility and such additional employees as may be necessary for the management and operation of the market.

(5)  To fix the salaries of the market manager and any other authorized employees of the market.

(6)  To fix, alter, charge, and collect rentals and charges for stores, stalls, space, buildings, equipment and other appurtenances, privileges, and service furnished or performed, in or in connection with the market, for the purpose of providing for the payment of the expenses of the facility, the construction, improvement, repair, maintenance, and operation of its properties, the payment of the principal of and interest on its obligations and to fulfill the terms and provisions of any agreements made with the purchasers or holders of any such obligations.  However, these rentals and charges shall not be designed to render a profit to the facility.

(7)  To promulgate reasonable rules and regulations relating to the use of the market, including, without limiting the generality of the foregoing, rules and regulations relating to hours of business, sanitation, traffic, and all other matters normally incidental to the proper management of a market.  However, no rule or regulation shall fix or regulate prices, profits or types of farm and food products dealt in.

(8)  In its discretion, reasonably exercised, and after due notice and an opportunity to be heard, to suspend or revoke any or all rights or privileges of any person violating the rules and regulations provided for in Paragraph (7) above, enjoyed in connection with his activities in the market.

(9)  To make contracts of any name and nature and to execute all instruments necessary or convenient for the carrying on of its business.

(10)  To enter into and maintain contracts for all such types of insurance as it may deem necessary to protect the facility against loss.

(11)  To enter into contracts of group insurance for the benefit of its employees, and to set up a retirement or benefit fund for such employees.

(12)  To adopt and use a corporate seal.

(13)  To make by-laws for the management and regulation of its affairs.

(14)  To sue and be sued in its corporate name.

(15)  To delegate to all the market managers or other officers of the facility all duties and responsibilities in relation to the operation of the market as it may deem necessary.

(16)  In general, to do all other acts and things as may be reasonably necessary or convenient to carry out the powers hereinabove enumerated, and to carry on the operations of a market for farm and food products in accordance with the general purposes of this Part.