La. Rev. Stat. § 38:1995
Corporate powers
Louisiana · Louisiana Revised Statutes Title 38 — Public Contracts, Works and Improvements · Status: effective
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- Citation
- La. Rev. Stat. § 38:1995, Corporate powers, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2723526
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Full text
The corporation in its corporate name may sue and be sued, contract, purchase, own, lease, and mortgage property, real, personal, and mixed. The board may borrow money and issue negotiable bonds and secure the bonds by mortgage, pledge, and hypothecation of its property, real, personal, mixed, its taxes, local assessments, forced contributions, and acreage taxes. It may exercise the right of eminent domain and expropriate property according to law in and out of the district when necessary to drain the lands in the Drainage District and make and use a common seal. It shall have all the powers and authority conferred on corporations of this class and drainage and subdrainage districts by the Constitution and laws of Louisiana, and all powers and authority conferred on drainage and sub-drainage districts, organized under the general laws of Louisiana relative to drainage, sub-drainage and drainage districts.