55-19-29 - Receipt and disbursement of gifts, grants and bequests.
§ 55-19-29. Receipt and disbursement of gifts, grants and bequests.
The board of directors of the Bienville Recreational District shall be, and it is authorized, to receive and disburse any and all state, federal and private gifts, grants and bequests, including personal, real and mixed properties. However, said board shall not receive or disburse any funds from the avails of the tax levy provided in Section 55-19-7 or from the avails of any bonds issued or sold under the provisions of Section 55-19-17 until all of the original and necessary four (4) counties have agreed to levy the tax and the creation and organization of the Bienville Recreational District has been ratified as provided in Section 55-19-11.
Sources: Codes, 1942, § 5977.5-09; Laws, 1972, ch. 329, § 9, eff from and after passage (approved April 11, 1972).