Ordinance 1016-84 - Laserfiche WebLink

• • • C. To exercise and enjoy such additional powers as may be authorized by law; and D. To have and exercise all powers necessary or convenient to effect the purposes for which the public corporation was organized and to perform authorized corporate functions . Section . 070 Limitation of powers . A. A public corporation organized under this chapter shall have no power of eminent domain nor any power to levy taxes or special assessments. B. No public corporation may incur or create any liability that permits recourse by any contracting party or member of the public to or upon any assets , services or credit of the city; C. No funds , assets , or property of any public corporation shall be used for any partisan political activity or to further the election of defeat of any candidate for public office; nor shall any funds or substantial part of the activities of any public corporation be used for publicity or educational purposes designed to support or defeat legislation pending before the Congress of the United States , or the legislature of the state or the City Council , provided, however, that members and officials of a public corporation may respond to requests by members of Congress , state legislators or City Council members for information, and appear before any such legislative body in connection with funding and other matters directly affecting the public corporation or its ability to carry out the purposes for which it is chartered. Section . 080 Purview of affairs . A. All funds , assetsor credit of the public corporation shall be applied toward or expended upon municipal and community services and projects and activities authorized by its charter. A public corporation organized under this chapter shall not issue shares of stock, pay dividends, make private distribution of assets , make loans to corporate officials , or engage in business for profit. B. The limitation of subsection A does not preclude the following transactions or activities , and a public corporation, unless restricted by its charter, may: 1 . Compensate corporate officials or constituents a reasonable amount for services rendered, and reimburse reasonable expenses actually incurred in performing their duties. 2 . Assist corporate officials or members as members of a general class of persons to be assisted by a project or activity of an approved program to the same extent as other members of the class and as long as no special privileges or treatment accrues to such corporate official or member by reason of his or her status or position in the public corporation; - 7 -