Establishing a Civic Center Authority

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SECTION II. CIVIC CENTER AUTHORITY - ORGANIZATION Within ten days after all of the members of the Authority have been appointed, as hereinbefore provided, they shall hold a meeting and shall, from their own number, elect a president, a vice - president and a secretary. Each of such officers shall hold office for a period of one year and until their successors are elected and qualified. The City Controller, by virtue of his office, shall serve as treasurer. SECTION III. CIVIC CENTER AUTHORITY - GENERAL POWERS The Authority shall have full and complete power in all matters pertaining to the use, operation, improvement and maintenance of the Civic Center Complex to appropriate money from the Civic Center Endowment Fund, and to lease such Complex or any part thereof, for stated periods, or temporarily, as from time to time, in the judgment of the Authority, shall be deemed advisable. All money from the Civic Center Endowment Fund may be used by the Authority to develop, operate, maintain or improve the Civic Center. SECTION IV. CIVIC CENTER AUTHORITY - BUDGET The Authority shall annually prepare a budget for the expenditures of the Authority from the Civic Center Endowment Fund for the next succeeding year. The budget shall be prepared and submitted by the first Monday in October and a public hearing shall be held on the last Monday of October, at which time any citizen shall have a right to be heard thereon. Notice shall be given by publication of such budget and of such public hearing by a newspaper of general circulation located in the same county as the Civic Center; and in the event there is no newspaper of general circulation published within said county, then the notice shall be published in any newspaper of general circulation located within fifty (50) miles of the Civic Center. Said notice shall be published not less than fifteen (15) days prior to the date of the said public hearing. The Authority shall adopt its budget within five (5) days after the public hearing. The Authority may also submit an annual budget to the Common Council in the same manner as city departments. SECTION V. CIVIC CENTER AUTHORITY - POWERS AND DUTIES For the purposes of carrying out the purposes and intent of this act, the Civic Center Authority shall have the following powers and duties, and such Authority is hereby authorized to do and perform any of the following: 1. To acquire, own, lease, construct, improve, equip, operate and maintain the Civic Center located in downtown South Bend, and any additions thereto, including the gas, electric, water and sanitary services appurtenant thereto, and any other service, equipment and plant being necessary for the successful operation of the said Civic Center. The Civic Center Authority shall have special power and authority to lease all or any part of such institu- tions or works to or from any association, individual or individuals, or corporation, for definite periods of time and upon such terms as shall be consistent with good business practices and with the pur- poses of this act. No obligation shall be incurred by the Civic -2-