Delta Economic Research and Sustainability District; creation; purpose; territorial jurisdiction; domicile

A. The Delta Economic Research and Sustainability District, referred to in this Part as the "district", is hereby constituted and is declared to be a body politic and political subdivision of the state of Louisiana, as defined in Article VI, Section 44 of the Constitution of Louisiana. B. Pursuant to Article VI, Sections 19 and 21 of the Constitution of Louisiana, the district, acting through its board of commissioners, the governing authority of the district, is hereby granted all of the rights, powers, privileges, and immunities granted to or authorized for political subdivisions for industrial, commercial, research, and economic development purposes including but not limited to the power to incur debt and issue revenue and general obligation bonds, certificates of indebtedness, bond and certificate anticipation notes, and refunding bonds, subject to the limitations provided in this Part. C. The district shall be established for the primary object and purpose of promoting and encouraging agricultural research and sustainability to stimulate the economy through commerce, industry, and research and for the utilization and development of natural and human resources of the area by providing job opportunities. D. The boundaries of the district shall be coterminous with the boundaries of the parishes of Concordia, East Carroll, Madison, and Tensas. E. The domicile of the district shall be Concordia Parish.