LD 1177
pg. 5
Page 4 of 20 An Act To Preserve Public Access and Job Opportunities in the North Woods Page 6 of 20
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LR 1057
Item 1

 
6.__Prepare and plan projects and facilities.__To prepare or
cause to be prepared plans, specifications, designs and
estimates of costs for the project, projects or part of any
project and attendant facilities and from time to time to
modify or cause to be modified those plans, specifications,
designs or estimates;

 
7.__Provide for financing or refinancing.__To provide
financing for any project, projects or part of any project or
to provide for refinancing of existing indebtedness and for
the financing of the project, projects or part of any project
and of other necessary and usual attendant facilities, to
borrow money and to issue negotiable securities and to provide
for the rights of the holders of those securities;

 
8.__Make and execute contracts and other financial
documents.__To make and execute contracts and all other
instruments, including trust agreements and other financial
documents, and enter into such transactions as is necessary or
convenient for the exercise of its powers and functions under
this Act;

 
9.__Agreements; acceptances; contributions; aid; grants.__To
enter into agreements with and accept loans, aid,
contributions and grants from and the cooperation or
assistance of the United States, of any agency of the United
States or the State or any agency or governmental subdivision
of the State for the purposes of this Act, including, but not
limited to, the development, maintenance, operation and
financing of any project, projects or part of any project and
to do whatever is necessary in order to avail itself of those
loans, aid, contributions, grants and cooperation;

 
10.__Agreements or other transactions.__To enter into
agreements or other transactions with any person to effectuate
the purposes of this Act, including construction agreements,
purchase or acquisition agreements and loan or lease
agreements with leasing corporations or other financial
intermediaries;

 
11.__Accept aid or contributions.__To receive and accept aid
or contributions from any source of money, property, labor or
other things of value, to be held, used and applied to carry
out the purposes of this Act, subject to the conditions under
which those grants and contributions may be made, including,
but not limited to, gifts or grants from any department or
agency of the United States or the State for any purpose
consistent with this Act;

 
12.__Insurance.__To procure insurance against any loss in
connection with its securities and its property and other
assets in such amounts and from such insurers as it considers
desirable;


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