§2-15-1. Agricultural fair corporations - Land, buildings and improvements

§2-15-1. Agricultural fair corporations - Land, buildings and improvements - Purposes.

2 OK Stat § 2-15-1 (2019) (N/A)

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A. Agricultural Fair Corporations may:

1. Purchase, hold or lease or otherwise acquire any quantity of land necessary for their proper operation, with such buildings and improvements as may be erected thereon;

2. Sell, lease, or otherwise dispose of such land, buildings and improvements at their pleasure.

B. Real estate must be held for the purpose of erecting buildings and making other improvements thereon, to:

1. Promote and encourage:

a.agriculture,

b.horticulture,

c.mechanics,

d.manufacturers,

e.stock raising,

f.4-H clubs,

g.Future Farmers of America,

h.Home Demonstration Clubs,

i.poultry raising,

j.arts,

k.trades,

l.crafts,

m.hobbies,

n.industry,

o.commerce, and

p.the general welfare of the people; and

2. Cooperate as may be deemed advisable by the Corporation’s Board of Directors with:

a.the state and federal agriculture extension organizations,

b.cooperative marketing associations,

c.livestock and crop improvement associations, and

d.other farm, industrial, commercial or educational organizations.

R.L. 1910, § 22. Amended by Laws 1951, p. 1, § 1; Laws 2001, c. 146, § 146, emerg. eff. April 30, 2001. Renumbered from § 31 of this title by Laws 2001, c. 146, § 267, emerg. eff. April 30, 2001.

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§2-15-2. Limitation on indebtedness - Purchase of realty - Mortgages - Directors' liability.