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U.S. Code as of:
01/19/04
Section 642. Powers of Tribal Council
The Hopi Tribal Council shall have the following powers:
(a) Sale of lands
To sell any part of the lands within the Hopi Industrial Park.
(b) Mortgages or deeds of trust; law governing mortgage foreclosure
or sale; United States as party; removal of cases; appeals
To execute mortgages upon, or deeds of trust to, the lands within
said Hopi Industrial Park. Such lands shall be subject to
foreclosure or sale pursuant to the terms of such mortgage or deed
to trust in accordance with the laws of the State of Arizona. The
United States shall be an indispensable party to, and may be joined
in, any such proceeding involving said lands with the right to
remove the action to the United States district court for the
district in which the land is situated, according to the procedure
in section 1446 of title 28, and the United States shall have the
right to appeal from any order of remand entered in such action.
(c) Pledge of revenue or other income to secure indebtedness for
development of park; law governing action to enforce pledge;
United States as party
To pledge any revenue or other income from lands within said Hopi
Industrial Park, and the improvements situated thereon, and any
other revenue or income that may be available to the Hopi Tribe
without regard to source, to secure any indebtedness of the Hopi
Tribe incurred in the development of said Hopi Industrial Park, and
any action to enforce said pledge shall be in accordance with the
laws of the State of Arizona, and the United States shall be an
indispensable party thereto to the same extent and under the same
conditions as hereinbefore provided in the case of mortgage
foreclosures.
(d) Issuance of bonds and payment of costs thereof; sale of bonds
at public or private sale
To issue bonds for and on behalf of the Hopi Tribe, and pay the
costs thereof, to accomplish the purposes of this subchapter, in
one or more series, in such denomination or denominations, maturing
at such time or times, and in such amount or amounts, bearing
interest at such rate or rates, in such form either coupon or
registered, to be executed in such manner, payable in such medium
of payment, at such place or places, subject to such terms of
redemption, with or without premium, and containing such other
restrictive terms as may be provided by tribal ordinance. Such
bonds may be sold at not less than par at either public or private
sale and shall be fully negotiable.
(e) Appointment of bank or trust company as trustee for purposes of
authorization and creation of issue of bonds; authority to
commence action to enforce obligations to tribe without joining
United States as party
To appoint a bank or trust company with its home office in the
State of Arizona having an officially reported combined capital,
surplus, undivided profits and reserves aggregating not less than
$10,000,000 as trustee for all of the purposes provided in the
ordinance authorizing and creating any issue of bonds. Any trustee
so appointed may be authorized to commence an action for and on
behalf of, or on relation of, the Hopi Tribe to enforce any
obligation to the tribe pledged to secure payment of the bonds
without joining the United States as a party thereto.
(f) Entering business ventures as shareholder, or as limited
partner with corporation, firm or person operating within park
To enter into any business venture as a shareholder of a
corporation issuing nonassessable stock, or as a limited partner
with any corporation, firm or person operating within said Hopi
Industrial Park.
(g) Lease of lands and improvements thereon
To lease lands within the Hopi Industrial Park, any other tribal
lands, and the improvements thereon, in accordance with the
provisions of Federal laws.
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