154.40.050 Powers and duties of corporation. - Kentucky Statutes

Download pdf

Loading PDF...

Page 1 of 1 154.40-050 Powers and duties of corporation. The Eastern Kentucky Exposition Center Corporation shall have the following powers
and duties:
(1) The corporation shall supervise the design, construction, and operation of the Eastern Kentucky Exposition Center and shall provide all management functions for
the facility and for any other property acquired or leased in accordance with its
powers established in this section. (2) The corporation shall promote the growth and development of the convention, trade, tourism, hotel, restaurant, and entertainment industry in eastern Kentucky,
Pike County, and the Commonwealth through utilization of the center. (3) The corporation shall have the exclusive control of all exhibitions, performances, and concessions in the Eastern Kentucky Exposition Center. The corporation shall
have a prior lien upon the property of any private exhibitor, concessionaire, or other
person holding an exhibition or performance or operating a concession in the center
and may sell the property upon ten (10) days' notice to satisfy any indebtedness. (4) The corporation shall participate with local hotels and the travel industry to develop tourist packages and additional services to attract conferences and conventions to
the region. (5) The corporation may take, acquire, and hold property, and all interests therein, by deed, purchase, gift, devise, bequest, or lease or by transfer from the State
Properties and Buildings Commission and may dispose of any property so acquired
in any manner provided by law. (6) The corporation may levy a surcharge on tickets for functions held within the center to contribute to operating revenue. (7) The corporation may sue and be sued and maintain and defend legal actions in its corporate name. Effective: June 21, 2001
History: Created 2001 Ky. Acts ch. 27, sec. 5, effective June 21, 2001.