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148.241 Compact for Falls of the Ohio Interstate Park.

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148.241 Compact for Falls of the Ohio Interstate Park. The Falls of the Ohio Interstate Park Compact is hereby enacted into law and entered into <br>by this state with the state of Indiana, in the form substantially as follows: <br> FALLS OF THE OHIO INTERSTATE PARK COMPACT <br> ARTICLE I. <br> The State of Indiana and the Commonwealth of Kentucky agree to create, develop and operate an interstate park to be known as Falls of the Ohio Interstate Park, which <br>shall be located along the Ohio River at the Falls of the Ohio and on adjacent areas in <br>Clark and Floyd Counties, Indiana, and Jefferson County, Kentucky. Said park shall be of <br>such area and of such character as may be determined by the commission created by this <br>compact. <br> ARTICLE II. <br> There is hereby created The Falls of the Ohio Interstate Park Commission, which shall be a body corporate with the powers and duties set forth herein and such additional <br>powers as may be conferred upon it by subsequent action of the appropriate authorities of <br>Indiana and Kentucky. The commission shall consist of three commissioners from each of <br>the two states, each of whom shall be a citizen of the state he shall represent. Members of <br>the commission shall be appointed by the Governor. Vacancies shall be filled by the <br>Governor for the unexpired term. The term of one of the first commissioners appointed <br>shall be for two years, the term of another for three years, and the term of the third for <br>four years. Their successors shall be appointed for terms of four years each. Each <br>commissioner shall hold office until his successor is appointed and qualified. An officer <br>or employee of the state, a political subdivision or the United States government may be <br>appointed a commissioner under this compact. <br> ARTICLE III. <br> The commission created herein shall be a joint corporate instrumentality of both the State of Indiana and the Commonwealth of Kentucky for the purpose of effecting the <br>objects of this compact, and shall be deemed to be performing governmental functions of <br>the two states in the performance of its duties hereunder. The commission shall have <br>power to sue and be sued, to contract and be contracted with, to use a common seal and to <br>make and adopt suitable bylaws, rules and regulations. The commission shall have the <br>authority to acquire by gift, purchase or otherwise real estate and other property, and to <br>dispose of such real estate and other property. Each state agrees that it will exercise the <br>right of eminent domain to acquire property located within each state required by the <br>commission to effectuate the purposes of this compact. <br> ARTICLE IV. <br> The commission shall select from among its members a chairman and a vice chairman, and may select from among its members a secretary and treasurer or may <br>designate other persons to fill these positions. It may appoint, and at its pleasure remove <br>or discharge, such officers and legal, clerical, expert and other assistants and employees <br>as may be required to carry the provisions of this compact into effect, and shall fix and <br>determine their duties, qualifications and compensation. It may establish and maintain <br>one or more offices for the transaction of its business, and may meet at any time or place. A majority of the commissioners present shall constitute a quorum for the transaction of <br>business. The commissioners shall serve without compensation, but shall be paid their <br>expenses incurred in and incident to the performance of their duties. They shall take the <br>oath of office required of officers of their respective states. <br> ARTICLE V. <br> Each state agrees that the officers and departments of each will be authorized to do all things falling within their respective jurisdictions necessary or incidental to the <br>carrying out of the compact in every particular. The commission shall be entitled to the <br>services of any state officer or agency in the same manner as any other department or <br>agency of this state. The commission shall keep accurate records, showing in full its <br>receipts and disbursements, and said records shall be open at any reasonable time to the <br>inspection of such representative of the two states as may be duly constituted for that <br>purpose. The commission shall submit annually and at other times as required such <br>reports as may be required by the laws of each state or by the Governor thereof. <br> ARTICLE VI. <br> The cost of acquiring land and other property required in the development and operation of the Falls of the Ohio Interstate Park and constructing, maintaining and <br>operating improvements and facilities therein and equipping same may be defrayed by <br>funds received from appropriations, gifts, the use of money received as fees or charges for <br>the use of said park and facilities, or by the issuance of revenue bonds, or by a <br>combination of such sources of funds. The commission may charge for admission to said <br>park, or make other charges deemed appropriate by it and shall have the use of funds so <br>received for park purposes. The commission is authorized to issue revenue bonds, which <br>shall not be obligations of either state, pursuant to procedures which shall be in <br>substantial compliance with the provisions of laws of either or both states governing the <br>issuance of revenue bonds by governmental agencies. <br> ARTICLE VII. <br> All money, securities and other property, real and personal, received by way of gift or otherwise or revenue received from its operations may be retained by the commission <br>and used for the development, maintenance and operation of the park or for other park <br>purposes. <br> The commission shall not pledge the credit of either state except by and with the authority of the General Assembly thereof. <br> ARTICLE VIII. <br> This compact may be amended from time to time by the concurrent action of the two states parties hereto. <br> The compact approved herein shall become effective upon ratification and approval of the compact by the General Assembly of the State of Indiana and upon approval of this <br>compact by the Congress of the United States. History: Created 1968 Ky. Acts ch. 8, sec. 1.