(a)The commission is hereby authorized and empowered:
(i)To adopt bylaws for the regulation of its affairs
and the conduct of its business;
(ii)To adopt an official seal and alter the same at
pleasure;
(iii)To maintain a principal office and suboffice at
such place or places within the state as it may designate;
(iv)To sue and be sued in its own name, plead and be
impleaded;
(v)To acquire, lease, license, construct, improve,
extend, reconstruct, maintain, repair and operate the project
(as herein defined);
(vi)To borrow money, make and issue negotiable
notes, bonds, refunding bonds, and other evidences of
indebtedness or obligations (herein called "bonds") of the
commission for any of its authorized purposes, and to secure the
payment of such bonds, or any part thereof, by pledge of
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(a) The commission is hereby authorized and empowered:
(i) To adopt bylaws for the regulation of its affairs
and the conduct of its business;
(ii) To adopt an official seal and alter the same at
pleasure;
(iii) To maintain a principal office and suboffice at
such place or places within the state as it may designate;
(iv) To sue and be sued in its own name, plead and be
impleaded;
(v) To acquire, lease, license, construct, improve,
extend, reconstruct, maintain, repair and operate the project
(as herein defined);
(vi) To borrow money, make and issue negotiable
notes, bonds, refunding bonds, and other evidences of
indebtedness or obligations (herein called "bonds") of the
commission for any of its authorized purposes, and to secure the
payment of such bonds, or any part thereof, by pledge of all or
any of its revenues, and to make such agreements with the
purchasers or holders of such bonds, or with others in
connection with any such bonds, whether issued or to be issued,
as the commission shall deem advisable, and in general, to
provide for the security for said bonds and the rights of the
holders thereof;
(vii) To fix, alter, charge and collect rates,
rentals, admission fees and other charges for the use of the
recreational area and facilities of the project and the services
rendered in connection therewith at reasonable and uniform
rates, to be determined exclusively by it, for the purpose of
providing for the payment of the expenses of the commission, the
acquisition, leasing, licensing, construction, improvement,
extension, reconstruction, maintenance, repair and operation of
the project, the payment of the principal of and interest on its
bonds, and to fulfill the terms and provisions of any agreements
made with the purchasers or holders of any of its bonds;
(viii) To acquire, purchase, hold, use, lease,
license, sell, transfer and dispose of any franchise, property,
real, personal or mixed, tangible or intangible, or any interest
therein, necessary or desirable for carrying out the purpose of
the commission;
(ix) To make and enter into all contracts and
agreements necessary or incident to the performance of its
duties and the execution of its powers and duties under this
act, including contracts, agreements or leases with the United
States of America, or any officer or agency thereof, relating to
the operation of the commission within the area of Yellowstone
National Park and containing such terms and conditions as the
commission may deem necessary or desirable, and to employ such
management consultants, consulting engineers, attorneys,
accountants, construction, appraisal and financial experts, and
such other experts, employees and agents as may be necessary in
its judgment, and, subject to the provisions of this act, to fix
their compensation;
(x) To accept gifts, grants, loans, contributions or
subsidies from the United States of America, the state, or any
agency or instrumentality of either of them, or any individual,
person, firm or corporation, and to expend the proceeds thereof
for any purpose of the commission; and
(xi) To do all things necessary or convenient to
carry out the powers expressly granted in this act.