Tennessee § 13-13-105 Powers and duties of local neighborhood development corporations

Tennessee Statutes

§ 13-13-105 — Powers and duties of local neighborhood development corporations

Tennessee·Title 13

Each local neighborhood development corporation has the following general powers, functions and duties, to:

(1)Make, amend and repeal bylaws, rules and regulations for the management of its affairs;

(2)Adopt an official seal;

(3)Sue and be sued, in its own name;

(4)Make contracts and execute all instruments necessary or convenient for the exercise of its power and functions;

(5)Acquire, own, hold and dispose of personal property of any nature, or any interest therein;

(6)Enter into agreements or other transactions with any federal or state agency or political subdivision thereof;

(7)Appear in its own behalf before boards, commissions, departments or other agencies of municipal, county, state or federal government;

(8)Procure insurance against any losses in connection with its prope

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Each local neighborhood development corporation has the following general powers, functions and duties, to: (1) Make, amend and repeal bylaws, rules and regulations for the management of its affairs; (2) Adopt an official seal; (3) Sue and be sued, in its own name; (4) Make contracts and execute all instruments necessary or convenient for the exercise of its power and functions; (5) Acquire, own, hold and dispose of personal property of any nature, or any interest therein; (6) Enter into agreements or other transactions with any federal or state agency or political subdivision thereof; (7) Appear in its own behalf before boards, commissions, departments or other agencies of municipal, county, state or federal government; (8) Procure insurance against any losses in connection with its property in such amounts, and from such insurers, as may be necessary or desirable; (9) Apply for and accept grants, loans, advances and contributions from any source of money, property, labor or other things of value, to be held, used and applied for the purposes of this part; (10) Provide and pay for such advisory services and technical assistance as may be necessary or desirable to carry out the purposes of this part; (11) Exercise any other powers of a corporation organized under the laws of this state; (12) Encourage and assist in the development and utilization of educational, vocational, and economic opportunities within the neighborhood; (13) Suggest more effective applications of and techniques for the delivery of governmental services and programs for residents of the neighborhood; (14) Undertake appropriate activities to foster a higher standard of living and a greater degree of economic self-sufficiency within the neighborhood; and (15) Do any and all things necessary or convenient to carry out its purposes and exercise the powers expressly granted in this part.

Tennessee § 13-13-105 (Powers and duties of local neighborhood development corporations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.