251.610. Powers of the board.
Powers of the board.
251.610. The ordinances or mutual agreements which establish thedistrict shall specify the powers of the board. The powers of the boardshall not include the power of eminent domain. The powers of the board mayinclude, but shall not be limited to, the following:
(1) Adoption of bylaws, rules and regulations for the conduct of itsbusiness;
(2) Maintenance of a principal office;
(3) The ability to sue and be sued;
(4) The creation of a regional economic development plan for aregional economic development district;
(5) The making and executing of leases, contracts, and otherinstruments necessary to exercise its powers;
(6) Contracting with cities and counties for services, and withfirms, corporations, persons, and governmental agencies in the necessaryperformance of its duties;
(7) The employment of personnel;
(8) Application for and acceptance of local and federal grants andappropriations;
(9) Performance of site improvements within the regional economicdevelopment area;
(10) Entering into lease or lease-purchase agreements for any real orpersonal property necessary or convenient for the purposes of the regionaleconomic development district;
(11) Borrowing money for regional economic development districtpurposes at such rates of interest as the district may determine;
(12) Issuance of bonds, notes, and other obligations, which may besecured by mortgage, pledge, assignment, or deed of trust of any or all ofthe property and income of the regional economic development district,subject to any restrictions provided in the regional economic developmentdistrict law; except that the district shall not mortgage, pledge, or givea deed of trust on any real property or interests which it acquired fromthe state of Missouri or any agency or political subdivision thereofwithout the written consent of the state, agency or political subdivisionfrom which it obtained the property;
(13) Submission of a regional economic development sales tax todistrict voters as provided in section 251.615; and
(14) Adoption of incremental tax financing as provided in section251.618.
(L. 2007 H.B. 741)