The Authority shall possess the exclusive right to conduct,
on behalf of the Tribe, gaming operations permitted under the Indian
Gaming Regulatory Act, 25 U.S.C. § 2701 et seq., on any
lands of the Tribe eligible for the conduct of such gaming.
The Authority shall exclusively own, possess, use and hold the right to dispose of: (1) any personal property purchased or leased by or on behalf of the Authority, including without limitation any and all personal property purchased from: (a) the proceeds of any indebtedness incurred by the Authority, or (b) any Authority gross revenue, as defined at §
11.1-20 below; and (2) any personal property expressly conveyed to the Authority by the Tribe through bill of sale, assignment or other appropriate documentation identifying such contributed property. For purposes of this charter, "personal property" shall include all patents, copyrights, trademarks and other intangible property purchased or developed by, or conveyed to, the Authority, in addition to tangible personal property.
The Authority may directly, or through agreement with other
persons and entities entered into or assumed in its own name and right,
undertake and perform any and all actions, tasks or activities necessary
or appropriate for the financing, design, development and construction
of the FireKeepers Casino.
Except as described in §§
11.1-14 through
11.1-17 above, the Authority shall not have any right, title or interest in any property or asset of the tribe other than those used in the operation of the FireKeepers Casino or expressly conveyed or assigned to the Authority by the Tribe without limitation on the foregoing, the Authority shall specifically not have any right, title or interest in any asset purchased by the Tribe with distributable net income distributed by the Authority to the Tribe in compliance with Article
VI of this charter, nor shall the Authority have any power to encumber, pledge or convey any such asset of the Tribe.