Louisiana Revised Statutes 11:3446 – Authority to alienate property
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Terms Used In Louisiana Revised Statutes 11:3446
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
That the Board of Trustees of the Firemen’s Pension and Relief Fund of the City of Shreveport, shall have and the same is hereby granted full power and authority to sell, mortgage, lease, let or otherwise alienate or dispose of any and all property, real or personal, tangible or intangible, which is now in the possession or belongs to or shall become the property of or come into the possession of the Firemen’s Pension and Relief Fund of the City of Shreveport, and/or the board of trustees thereof.
Designated from Acts 1938, No. 222, §16 by Acts 1991, No. 74, §3, eff. June 25, 1991.