349.050. The corporation is hereby granted and may exerciseall powers necessary or appropriate to carry out and effectuateits purposes, including but not limited to the following:
(1) To adopt bylaws and rules for the regulation of itsaffairs and the conduct of its business;
(2) To adopt an official seal;
(3) To sue and be sued;
(4) To promote and solicit industrial and economicdevelopment projects as authorized by section 349.010 and to makeand execute leases, contracts, releases, compromises and otherinstruments necessary or convenient for the exercise of itspowers or to carry out its purposes;
(5) To acquire, whether by purchase, exchange, gift, leaseor otherwise, and to improve, maintain, equip and furnish one ormore projects, including all real and personal properties whichthe board of directors of the corporation may deem necessary inconnection therewith and regardless of whether or not any suchprojects shall then be in existence;
(6) To lease to others any of its projects and to charge andcollect rent therefor and to terminate any such lease upon thefailure of the lessee to comply with any of the obligationsthereof; and to include in any such lease, if desired, aprovision that the lessee thereof shall have an option topurchase the project; or
(7) To sell, assign, mortgage, grant a security interest in,exchange, donate and convey any or all of its properties wheneverits board of directors shall find such action to be infurtherance of the purposes for which the corporation wasorganized;
(8) To loan the proceeds of the bonds or temporary noteshereinafter authorized to provide for the purchase, construction,extension, and improvement of projects;
(9) To issue bonds and temporary notes as hereinafterprovided;
(10) To employ and pay compensation to such employees andagents, including attorneys, and others of like professionalskills and abilities, as the board of directors shall deemnecessary for the business of the corporation;
(11) To invest any funds not required for immediatedisbursement in obligations of the state of Missouri or of theUnited States or any agency or instrumentality thereof, or inbank certificates of deposit;
(12) To acquire by gift or purchase, hold and dispose ofreal and personal property in the exercise of its powers and theperformance of its duties hereunder;
(13) To receive and accept appropriations, gifts and grantsand to utilize or dispose of the same to carry out its purposes;
(14) To collect rentals, fees, and other charges inconnection with its services or for the use of any project;
(15) To sell at private sale any of its property or projectsto any private corporation, person, firm, or to any public body,political subdivision or municipal corporation on such terms asit deems advisable including the right to receive for such salethe note or notes of any such person to whom the sale is made.Any such sale shall provide for payments adequate to pay theprincipal of and interest and premiums, if any, on the bondsissued to finance such project or portion thereof. Any such salemay provide for the construction of the project by the purchaserof the project. It shall not be necessary for a corporation toacquire title to any project.
349.050. The corporation is hereby granted and may exerciseall powers necessary or appropriate to carry out and effectuateits purposes, including but not limited to the following:
(1) To adopt bylaws and rules for the regulation of itsaffairs and the conduct of its business;
(2) To adopt an official seal;
(3) To sue and be sued;
(4) To promote and solicit industrial and economicdevelopment projects as authorized by section 349.010 and to makeand execute leases, contracts, releases, compromises and otherinstruments necessary or convenient for the exercise of itspowers or to carry out its purposes;
(5) To acquire, whether by purchase, exchange, gift, leaseor otherwise, and to improve, maintain, equip and furnish one ormore projects, including all real and personal properties whichthe board of directors of the corporation may deem necessary inconnection therewith and regardless of whether or not any suchprojects shall then be in existence;
(6) To lease to others any of its projects and to charge andcollect rent therefor and to terminate any such lease upon thefailure of the lessee to comply with any of the obligationsthereof; and to include in any such lease, if desired, aprovision that the lessee thereof shall have an option topurchase the project; or
(7) To sell, assign, mortgage, grant a security interest in,exchange, donate and convey any or all of its properties wheneverits board of directors shall find such action to be infurtherance of the purposes for which the corporation wasorganized;
(8) To loan the proceeds of the bonds or temporary noteshereinafter authorized to provide for the purchase, construction,extension, and improvement of projects;
(9) To issue bonds and temporary notes as hereinafterprovided;
(10) To employ and pay compensation to such employees andagents, including attorneys, and others of like professionalskills and abilities, as the board of directors shall deemnecessary for the business of the corporation;
(11) To invest any funds not required for immediatedisbursement in obligations of the state of Missouri or of theUnited States or any agency or instrumentality thereof, or inbank certificates of deposit;
(12) To acquire by gift or purchase, hold and dispose ofreal and personal property in the exercise of its powers and theperformance of its duties hereunder;
(13) To receive and accept appropriations, gifts and grantsand to utilize or dispose of the same to carry out its purposes;
(14) To collect rentals, fees, and other charges inconnection with its services or for the use of any project;
(15) To sell at private sale any of its property or projectsto any private corporation, person, firm, or to any public body,political subdivision or municipal corporation on such terms asit deems advisable including the right to receive for such salethe note or notes of any such person to whom the sale is made.Any such sale shall provide for payments adequate to pay theprincipal of and interest and premiums, if any, on the bondsissued to finance such project or portion thereof. Any such salemay provide for the construction of the project by the purchaserof the project. It shall not be necessary for a corporation toacquire title to any project.
349.050. The corporation is hereby granted and may exerciseall powers necessary or appropriate to carry out and effectuateits purposes, including but not limited to the following:
(1) To adopt bylaws and rules for the regulation of itsaffairs and the conduct of its business;
(2) To adopt an official seal;
(3) To sue and be sued;
(4) To promote and solicit industrial and economicdevelopment projects as authorized by section 349.010 and to makeand execute leases, contracts, releases, compromises and otherinstruments necessary or convenient for the exercise of itspowers or to carry out its purposes;
(5) To acquire, whether by purchase, exchange, gift, leaseor otherwise, and to improve, maintain, equip and furnish one ormore projects, including all real and personal properties whichthe board of directors of the corporation may deem necessary inconnection therewith and regardless of whether or not any suchprojects shall then be in existence;
(6) To lease to others any of its projects and to charge andcollect rent therefor and to terminate any such lease upon thefailure of the lessee to comply with any of the obligationsthereof; and to include in any such lease, if desired, aprovision that the lessee thereof shall have an option topurchase the project; or
(7) To sell, assign, mortgage, grant a security interest in,exchange, donate and convey any or all of its properties wheneverits board of directors shall find such action to be infurtherance of the purposes for which the corporation wasorganized;
(8) To loan the proceeds of the bonds or temporary noteshereinafter authorized to provide for the purchase, construction,extension, and improvement of projects;
(9) To issue bonds and temporary notes as hereinafterprovided;
(10) To employ and pay compensation to such employees andagents, including attorneys, and others of like professionalskills and abilities, as the board of directors shall deemnecessary for the business of the corporation;
(11) To invest any funds not required for immediatedisbursement in obligations of the state of Missouri or of theUnited States or any agency or instrumentality thereof, or inbank certificates of deposit;
(12) To acquire by gift or purchase, hold and dispose ofreal and personal property in the exercise of its powers and theperformance of its duties hereunder;
(13) To receive and accept appropriations, gifts and grantsand to utilize or dispose of the same to carry out its purposes;
(14) To collect rentals, fees, and other charges inconnection with its services or for the use of any project;
(15) To sell at private sale any of its property or projectsto any private corporation, person, firm, or to any public body,political subdivision or municipal corporation on such terms asit deems advisable including the right to receive for such salethe note or notes of any such person to whom the sale is made.Any such sale shall provide for payments adequate to pay theprincipal of and interest and premiums, if any, on the bondsissued to finance such project or portion thereof. Any such salemay provide for the construction of the project by the purchaserof the project. It shall not be necessary for a corporation toacquire title to any project.
