A nonprofit corporation that undertakes the development and operation of multipurpose senior centers may

(1) operate in one or more municipality;

Terms Used In Alaska Statutes 47.60.040

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • municipality: means a political subdivision incorporated under the laws of the state that is a home rule or general law city, a home rule or general law borough, or a unified municipality. See Alaska Statutes 01.10.060
(2) issue notes, bonds, or other obligations for the purpose of developing and operating multipurpose senior centers;
(3) perform other functions necessary to carry out the purposes of this chapter.