§ 9-17-107 — General powers of corporation

Wyoming § 9-17-107

• Jurisdiction: Wyoming
• Title 09: Administration of the Government
• Ch. 17: WYOMING LOTTERY

Text

(a) The corporation shall have any and all powers
necessary or convenient to its usefulness in carrying out and
effectuating the purposes and provisions of this chapter which
are not in conflict with the constitution of this state and
which are generally exercised by corporations engaged in
entrepreneurial pursuits, including, but without limiting the
generality of the foregoing, the following powers:
(i) To sue and be sued in contract and in tort and to
complain and defend in all courts;
(ii) To adopt and alter a seal;
(iii) To adopt, amend and repeal bylaws, regulations
and policies and procedures for the regulation of its affairs
and the conduct of its business, to elect and prescribe the
duties of officers and employees of the corporation and to
perform any other matters as the corporation may determine. In
the adoption of bylaws, regulations, policies and procedures or
in the exercise of any regulatory power, the corporation shall
be exempt from the requirements of W.S. 16-3-101 through
16-3-115;
(iv) To procure or to provide insurance;
(v) To hold copyrights, trademarks and service marks
and enforce its rights with respect thereto;
(vi) To initiate, supervise and administer the
operation of the lottery in accordance with the provisions of
this chapter and regulations, policies and procedures adopted
pursuant thereto and in a manner that maximizes revenues,
including revenues to the state and its counties, cities and
towns;
(vii) To enter into written agreements with one (1)
or more other states or sovereigns for the operation,
participation in marketing and promotion of a joint lottery or
joint lottery games;
(viii) To conduct market research as is necessary or
appropriate, which may include an analysis of the demographic
characteristics of the players of each lottery game and an
analysis of advertising, promotion, public relations, incentives
and other aspects of communication;
(ix) To acquire or lease real property and make
improvements thereon and acquire by lease or by purchase
personal property, including, but not limited to, computers,
mechanical, electronic and on-line equipment and terminals and
intangible property, including, but not limited to, computer
programs, systems and software;
(x) To enter into contracts to incur debt in its own
name and enter into financing agreements with any commercial
bank or credit provider;
(xi) To be authorized to administer oaths, take
depositions, issue subpoenas and compel the attendance of
witnesses and the production of books, papers, documents and
other evidence relative to any investigation or proceeding
conducted by the corporation;
(xii) To appoint and select officers, agents and
employees, including professional and administrative staff and
personnel, including hearing officers to conduct hearings
required by this chapter, and to fix their compensation, pay
their expenses and provide a benefit program, including, but not
limited to, a retirement plan and a group insurance plan;
(xiii) To select and contract with vendors and
retailers;
(xiv) To enter into contracts or agreements with
state or local law enforcement agencies for the performance of
law enforcement, background investigations and security checks;
(xv) To enter into contracts of any and all types on
the terms and conditions the corporation may determine;
(xvi) To establish and maintain banking
relationships, including, but not limited to, establishment of
checking and savings accounts and lines of credit;
(xvii) To advertise and promote the lottery and
lottery games;
(xviii) To act as a retailer, to conduct promotions
which involve the dispensing of lottery tickets or shares and to
establish and operate a sales facility to sell lottery tickets
or shares and any related merchandise; and
(xix) To adopt and amend regulations, policies and
procedures as necessary to carry out and implement its powers
and duties, organize and operate the corporation, regulate the
conduct of lottery games in general and any other matters
necessary or desirable for the efficient and effective operation
of the lottery or the convenience of the public. The
promulgation of these regulations, policies and procedures shall
be exempt from the requirements of W.S. 16-3-101 through