SB 554, 64th R.S.
Relating to the power of certain cities to acquire, construct, improve, and equip any property for park purposes, including, but not by way of limitation, establishing, acquiring, leasing, or contracting as lessee or lessor, purchasing, constructing, improving, enlarging, equipping, repairing, operating, or maintaing any or all golf courses, clubhouses, and pro shops, tennis courts and facilities, swimming pools, marinas, recreation centers, rugby fields, baseball fields, zoos, clarification lakes or pools, park transportation systems and equipment, theaters, bicycle trails, multipurpose shelters, service facilities, and any other recreational facilities, all or any (hereinafter the "facility" or "facilities") together with all necessary water, sewer, and drainage facilities, and to establish, acquire, lease or contract as lessee or lessor, purchase, construct, improve, enlarge, equip, repair operate, or maintain any or all structures, parking areas, or parking facilities to be used in connection with such facilities for parking or storage of motor vehicles or other conveyances, such leases and contracts to e on such terms as the city deems appropriate; authorizing such cities to enter into operating contracts as to said facilities and to finance said facilities and improvements through the issuance of revenue bonds, which shall be deemed to be a security; authorizing such cities to pledge to the payment of the operation and maintenance of any facility or facilities a continuing annual ad valorem tax; provided that such taxes shall be within any Constitutional or charter limit and no part of the interest on or principal of said revenue bonds; authorizing said cities to fix and collect fees, rentals, rates, and charges for such facilities and pledge all or any part of the revenues, income, receipts from such fees, rentals, rates and charges to the payment of such bonds and additionally to secure such bonds by mortgages, liens, or security interests on any personal property appurtenant to such real property; authorizing the pledge to the payment of such bonds all or any part of any grant, donation, revenues, or income received or to be received from the United States government or any other public or private source; authorizing the issuance of refunding bonds; making such revenue bonds legal and authorized investments; containing other provisions relating to the subject.
