New Orleans |
Code of Ordinances |
HOME RULE CHARTER |
Article IV. EXECUTIVE BRANCH |
Chapter 18. BOARD OF CITY TRUSTS |
§ 4-1803. Limitations.
The City shall not:
(1)
Accept any conditional donation which is contrary to the constitution, the statutes, this Charter, municipal ordinances or the regulations adopted by the Board.
(2)
Continue to operate a going business as a permanent investment donated to the City for public purposes or in trust, unless expressly required to do so by the terms of the donation.
(3)
Make or hold investments not included in the Board's investment list, except property of the original trust or donation, or required thereby to be acquired.
(4)
Modify any trust except upon approval of the Council and, when necessary, a court of proper jurisdiction.