5 Guam Code Ann. § 69107
Terms Used In 5 Guam Code Ann. § 69107
- 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.
- Statute: A law passed by a legislature.
(1) That Guam hog producers be given priority or preference in the bidding process to operate the slaughterhouse;
(2) That the operator be a citizen of the United States who shall have resided on Guam for at least one (1) year prior to bid, or a non- profit association comprised of residents of Guam formed for the purpose of operating an animal processing facility;
(3) That if the operator is a corporation, it be controlled by citizens of the United States with at least fifty-one percent (51%) of the voting stock owned by such citizens which shall have been residents of Guam for at least one (1) year prior to bid, and, in the event the percentage of ownership becomes less than fifty-one percent (51%) at any given time, the government of Guam shall immediately take over control of the operation and shall again solicit proposals for private operation;
(4) That the operator must make available the animal processing facility to all local residents and businesses wishing to use the same;
(5) That the same rates be charged to all users of the animal
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5 Guam Code Ann. GOVERNMENT OPERATIONS
CH. 69 GUAM SLAUGHTERHOUSE CORPORATION ACT
processing facility with no preferences as to rates and usage being given to any users;
(6) That the operator may not sublease or assign such operator’s interest in the animal processing facility without the prior consent of the Guam Legislature by statute.
In the event that no private operator meeting the foregoing qualifications can be found, or the private operator discontinues operations, then, in either case the animal processing facility shall continue to be operated by the government of Guam.
