206 Authority

(A) Purchase of Land. Within budgetary constraints, the Chief is hereby authorized to purchase land within five miles of the current tribal headquarters in King William.

(B) Line of Credit. The Chief or his designee is authorized to obtain a line of credit which may be used to finance the acquisition of land.

(C) Waiver of Immunity. If necessary, the Chief is authorized to pledge as collateral for securing such line of credit, and the Chief is authorized to waive the sovereign immunity of the Tribe up to the amount of the line of credit and as it relates to the collateral specified above, for solely the purpose of ensuring the repayment of the line of credit.