9-3-606 - Authority -- Powers. - Utah Statutes

9-3-606. Authority -- Powers.
(1) The authority shall:
(a) facilitate or operate and maintain a scenic and historic railroad in and around Weberand Box Elder Counties;
(b) facilitate or operate and maintain one or more railroad history museums in andaround Weber and Box Elder Counties;
(c) facilitate the restoration, preservation, and public display of railroad artifacts andheritage in and around Weber and Box Elder Counties; and
(d) facilitate the restoration, preservation, and operation of historically significantrailroad related properties in and around Weber and Box Elder Counties for public benefit.
(2) The authority has perpetual succession as a body politic and corporate and may:
(a) adopt, amend, and repeal policies and procedures for the regulation of its affairs andthe conduct of its business;
(b) sue and be sued in its own name;
(c) maintain an office at a place or places it designates within the state;
(d) adopt, amend, and repeal bylaws and rules, consistent with this part, to carry intoeffect the powers and purposes of the authority and the conduct of its business;
(e) purchase, lease, sell, and otherwise dispose of property and rights-of-way;
(f) employ experts and other professionals it considers necessary;
(g) employ and retain independent legal counsel;
(h) make and execute contracts and all other instruments necessary or convenient for theperformance of its duties under this part as described in Subsection (1);
(i) procure insurance for liability and against any loss in connection with its property andother assets in amounts and from insurers it considers desirable;
(j) receive appropriations from the Legislature and receive other public moneys andaccept aid or contributions from any source of money, property, labor, or other things of value tobe held, used, and applied to carry out the purposes of this part, subject to the conditions uponwhich the grants and contributions are made, including gifts or grants from a department, agency,or instrumentality of the United States or of this state for any purpose consistent with this part;
(k) enter into agreements with a department, agency, or instrumentality of the UnitedStates or this state for the purpose of providing for the operation and maintenance of a scenicrailway in and around Weber and Box Elder Counties; and
(l) do any act necessary or convenient to the exercise of the powers granted to theauthority by this part.
(3) (a) All monies received by the authority under Subsection (2)(j) and from any othersource are for the exclusive use of the authority in the performance and exercise of its dutiesunder this part as described in Subsection (1).
(b) Monies received by the authority may not be used for any other purpose or by anyother entity.

Enacted by Chapter 152, 2010 General Session