Louisiana Revised Statutes — Title 47 (Revenue and Taxation)
La. R.S. 47:8006
Organization of corporation; employees; meetings; personal liability of directors
# A.
Except for the selection of the initial chairman, the directors of a corporation shall initially and annually thereafter select from among themselves a chairman, vice chairman, and such other officers as the corporation may determine. A corporation may employ an executive director and other employees as it may require, shall determine the qualifications and compensation of such employees as are exempt from the civil service system, and may engage or employ consultants in any field, discipline, or profession necessary to carry out the authorized purposes of said corporation.
# B.
All permanent employees of a corporation, other than the directors, the executive director and his assistant, shall be part of the civil service system of the parish or municipality. Consultants or other persons or groups furnishing services under contract, including but not limited to managerial, engineering, planning or legal services, shall not be a part of the civil service system regardless of the length of their contracts or the nature of the services rendered.
# C.
A majority of the directors of a corporation shall constitute a quorum for its meetings. Action may be taken by a corporation upon a vote of a majority of the directors of such corporation unless in any case the bylaws shall require a larger number. Directors of a corporation or other officers shall not be liable personally on the bonds or other obligations of such corporation and the rights of creditors shall be solely against such corporation.
Source: view the official text
In this chapter (27 sections)
- 47:8001 · Short title
- 47:8002 · Findings, declaration of necessity and purpose
- 47:8003 · Definitions
- 47:8004 · Creation of corporation; public hearing; adoption of…
- 47:8005 · Board of directors; appointment; tenure; compensation
- 47:8006 · Organization of corporation; employees; meetings; personal…
- 47:8007 · Removal of directors; right to counsel; record of proceedings
- 47:8008 · Conflict of interest; disclosure of interests; penalty
- 47:8009 · Powers of the corporations
- 47:8010 · Increment revenues
- 47:8011 · Tax increment trust fund; mandatory contributions
- 47:8012 · Development management
- 47:8013 · Tax increment development plan; preparation; adoption;…
- 47:8014 · Subsidiary corporations; creation; purposes; powers;…
- 47:8015 · Disposition of property in tax increment development area
- 47:8016 · Development by corporations; surplus profits
- 47:8017 · Bonds of the corporations
- 47:8018 · Security for bonds or notes
- 47:8019 · Bonds and notes as legal investment
- 47:8020 · Corporation funds; audit; investment
- 47:8021 · Property exempt from taxes and from levy and sale by virtue…
- 47:8022 · Assistance by state and local agencies
- 47:8023 · Title of purchase
- 47:8024 · Annual report
- 47:8025 · Encouragement of private enterprise
- 47:8026 · Indemnity of directors, officers, agents and employees
- 47:8027 · Authority of parishes, municipalities and subdivisions…