(Conditionally Rpld.)

1. A. The board of directors, on behalf of the district, may:

   1. 1. Adopt and use a corporate seal.
   2. 2. Sue and be sued.
   3. 3. Enter into contracts, including intergovernmental agreements under title 11, chapter 7, article 3, as necessary to carry out the purposes and requirements of this chapter.
   4. 4. Adopt administrative rules as necessary to administer and operate the district and any property under its jurisdiction.
   5. 5. Acquire by any lawful means, except the power of eminent domain, and operate, maintain, encumber, lease and dispose of real and personal property and interests in property.
   6. 6. Retain legal counsel and other consultants as necessary to carry out the purposes of the district.

2. B. The board of directors shall:

   1. 1. Appoint from among its members a chairperson, a secretary and such other officers as may be necessary to conduct its business.
   2. 2. Designate a fiscal agent to deposit, hold, invest and disburse the district's monies.
   3. 3. Provide for the acquisition, construction, renovation, redevelopment, lease, use and maintenance of the properties and interests owned or controlled by the district.
   4. 4. Keep and maintain a complete and accurate record of all of its proceedings. The board is a public body for purposes of title 38, chapter 3, article 3.1 and title 39, chapter 1.
   5. 5. If a county participates in establishing the district, enter into intergovernmental agreements with the county and, if a city participates in establishing the district, with the city, pursuant to title 11, chapter 7, article 3, for administrative and staff support and meeting accommodations for accomplishing the purposes of the district.

   6. 6. Enter into contracts, leases and other agreements in the interest of the district or to carry out and accomplish the purposes of this chapter, including construction contracts and agreements with users of the theme parks. If the district issues bonds, the following apply until the bonds are fully repaid:

      1. (a) The district shall provide in its lease or use agreement with the lessee or user that the lessee or user may not relocate, significantly reduce its operation or terminate its agreement with the district.
      2. (b) The lessee or user may not move to a location in another state.
      3. (c) The lessee or user may not be a lessee or user or otherwise be a participant in a different district or use or participate in an agreement to use or construct a professional sports stadium or field in a location outside the district other than for a training stadium or field.
   7. 7. Contract for consulting, legal, accounting and other outside professional services, including a professional facility management company.