20.03.010 Powers

The Authority shall have the following powers, which it may exercise through its Board of Commissioners, consistent with the purposes for which the Authority is established:

(a) To enter into agreements, contracts and understandings with any governmental agency, Federal, State, or local including the Tribal Council of the Turtle Mountain Band of Chippewa Indians or with any person, partnership, corporation or Indian Tribe, and to agree with any conditions attached to Federal financial assistance consistent with the purposes of such authority as described herein.

(b) To take whatever steps it deems necessary to manage, operate, and maintain the buildings, and the realty on which said buildings are situated, and to institute, operate, manage and conduct recreational enterprises on the Turtle Mountain Indian Reservation.

(c) To enter into and execute long-term leases, as lessee, with the Turtle Mountain Band of Chippewa Indians or Bureau of Indian Affairs, or individual owners, as lessor, covering any realty located on the Turtle Mountain Indian Reservation, or other Tribal-owned lands.

(d) To hold, manage, and to rent or sublet, all or any part of the space of buildings or realty under their control, and to establish such rules and regulations concerning the rental, subletting, and use of all or any part of the buildings or realty leased.

(e) To execute mortgages of leasehold interests created pursuant to Subsection (c) above, and to offer said mortgages of the leasehold interests to any Federal agency, or other lender as security for loan funds obtained from any Federal agency, or other lender in the financing of Recreational Development projects.

(f) To maintain accounts in any National or State Bank in North Dakota for any Recreational Developments, and any other income derived from the use of the buildings or realty shall be deposited intact to the same bank accounts. All disbursements therefrom, including the monthly installment payments to the Federal agencies or other lenders to repay loans, shall be paid out of the aforesaid bank accounts by check or checks signed by the Chairman and the Secretary-Treasurer of the Board.

(g) To carry out all the obligations, and to protect all the interests of the Turtle Mountain Band of Chippewa Indians in and to the provisions of all contracts and agreements hereafter executed by the Tribal Council of the said Tribe concerning the Recreational Development projects.