15-9-203. Powers of governing body; creation of authority; status thereof.
A municipality may itself exercise the powers specified in this article, or if the governing body, by resolution, determines it to be in the public interest, it may elect to create and establish a downtown development authority, pursuant to the provisions of this article. The authority shall have all the powers provided in this article that are authorized by the ordinance authorizing the authority, or any amendment thereto. When established, the authority shall be a body corporate and capable of being a party to suits, proceedings and contracts the same as municipalities in this state. The authority may be dissolved by ordinance of the governing body, if there is no outstanding indebtedness of the authority or if adequate provision for the payment of such indebtedness is provided.
Structure Wyoming Statutes
Article 2 - Downtown Development Authority
Section 15-9-201 - Declarations.
Section 15-9-202 - Definitions.
Section 15-9-203 - Powers of Governing Body; Creation of Authority; Status Thereof.
Section 15-9-204 - Organizational Procedure.
Section 15-9-205 - Board; Appointment; Membership; Terms; Vacancies.
Section 15-9-209 - Additional Powers of Authority; Sale or Letting of Property at Fair Value.
Section 15-9-210 - Authorization of Bonds; Determination of Costs; Expenditure of Proceeds.
Section 15-9-212 - Refunding Bonds; Limited Obligations.
Section 15-9-213 - Revenue Bonds.
Section 15-9-214 - Tax Exemption; Exceptions.
Section 15-9-215 - Limitation of Actions.
Section 15-9-216 - Rights and Powers of Bondholders.
Section 15-9-217 - Officers and Other Personnel Employed by Board; Duties; Administrative Expenses.
Section 15-9-218 - Authority to Adopt Budget; Sources of Finance.
Section 15-9-219 - Assessments Against Funds of Authority.
Section 15-9-220 - Conflict of Interest.
Section 15-9-221 - Provisions to Be Construed Liberally.
Section 15-9-223 - Inclusion of Additional Property Into Development Area; Procedure.