§ 1600.303. Powers of authority
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance
40 P.S. § 1600.303
§ 1600.303. Powers of authority
The authority shall exercise public powers of the Commonwealth as an agency thereof, including the following powers in addition to those herein otherwise granted:
(7) To make and execute contracts and other instruments necessary or convenient to the exercise of the powers of the authority, and any contract or instrument when signed by the chairman or vice-chairman of the authority, or by an authorized use of their facsimile signatures, and by the secretary or assistant secretary or treasurer or assistant treasurer of the authority, or by an authorized use of their facsimile signatures, shall be held to have been properly executed for and on its behalf;
(9) To do all acts and things necessary or convenient to carry out the powers granted to it by this article or any other acts: Provided, however, That the authority shall have no power, at any time or in any manner, to pledge the credit or taxing power of the Commonwealth, nor shall any of its obligations be deemed to be obligations of the Commonwealth.
Credits
1968, July 31, P.L. 738, No. 233, art. III, § 303.
40 P.S. § 1600.303, PA ST 40 P.S. § 1600.303
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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