LD 1406
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 1248
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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