(a) To construct, maintain and operate bridges, tunnels, streets, highways, traffic distribution centers, traffic circles, airports, hangars, parkways, recreation grounds and facilities, public parks, swimming pools, lakes, dams, and parts of any of said projects, and improvements thereof and additions thereto, and to charge and collect fees, tolls, rentals and charges in connection with any or all of said structures, projects, additions or improvements, and any or all parts thereof; the proceeds therefrom to be used for the purpose of maintaining and operating the same and of repaying to the United States Government, and to others, any and all monies, and interest thereon, which may have been borrowed therefrom in connection with the purposes for which said “Authority” was created, as same may be due and payable.

(b) To enter into any contract or contracts with any street railway company, telegraph company, telephone company, or other corporation or person or persons desiring to make use of any of the projects constructed or maintained pursuant to the purposes for which said “Authority” has been created, and, under the provisions of this act, for the concurrent use of such portion of any of said projects as shall not substantially impair or restrict the public use and enjoyment thereof, upon such rates, terms, and conditions as shall be agreed upon, or to charge tolls or rentals for such special use; provided, however, that such rates, terms, and conditions shall in no instance be less than the rates, terms, and conditions paid and met for like rights, service, and privileges within said county.

(c) To construct and maintain, or to lease the right to construct and maintain, roads, highways, bridges, tunnels, water mains for park purposes where none is now provided and available, and other mechanical equipment and appliances appropriate, proper and necessary in connection with the construction, operation and use of the aforementioned projects by the public, on, over, under, along, across or through any land, and between any points, which may be necessary for the construction and maintenance of such projects and the carrying out of the purposes for which said “Authority” is created.

(d) To continue as a body corporate and politic for the time specified in this act.

(e) To sue and be sued, complain and defend, in its own name.

(f) To have a corporate seal, which may be altered at pleasure, and to use the same by causing it, or a facsimile thereof, to be impressed or affixed or in any manner reproduced.

(g) To purchase, take, receive, lease as lessee, take by gift, devise or bequest, or otherwise acquire, and to own, hold, use, and otherwise deal with any real or personal property, or any interest therein, situated in the county in which said “Authority” is created and set up, which may be appropriate to enable it to accomplish fully and properly its purpose or purposes.

(h) To sell and convey, lease as lessor, and otherwise dispose of all or any part of its property and assets.

(i) To borrow money for any or all of the purposes for which it is organized, to issue its promissory notes, bonds, or other forms of certificates of indebtedness, with interest, as evidence thereof, and to secure any of its obligations by mortgage, pledge, or deed of trust of or on any of its property, franchises and income.

(j) To enter into any obligation necessary for the transaction of its ordinary affairs.

(k) To have and exercise all of the powers and means necessary or essential to effect the purpose or purposes for which the “Authority” is organized.

(l) To have and exercise the right and power of eminent domain for the acquisition of real property (the title thereto so acquired being title in fee simple) necessary for, and in connection with, the business of the “Authority” and for the purposes for which it was created, but not to assess, levy or collect any taxes of any kind or nature or for any purpose whatsoever; specifically, to borrow from the Government of the United States, or others, funds for the construction, maintenance and operation of the projects for which said “Authority” shall have been created; and to issue its negotiable bonds or other obligations, secured by mortgage and trust deed given therefor, and to provide for the rights of the holders thereof.

(m) To elect a chairman, vice-chairman, secretary and treasurer, and to adopt suitable by-laws for the management of its affairs. The secretary and treasurer need not be member or members of the “Authority”.

(n) To appoint and designate such officers, agents and employes as it may require for the performance of its duties, and fix and determine their qualifications, duties and compensation.

(o) To make rules and regulations for the management and regulations of its affairs.

(p) To enter upon any lands, waters and premises, within the county in which said “Authority” is created and set up, for the purpose of making surveys, soundings and examinations.

(q) To determine the exact location, system and character of, and all other matters in connection with, any and all improvements or facilities which it may be authorized to own, construct, establish, effectuate, operate or control.

(r) To exercise such other powers, not inconsistent with the Constitution of this Commonwealth or of the United States, which may be reasonably necessary or incidental to the effectuation of its authorized purposes or to the exercise of any of the foregoing powers, except the power to levy taxes or assessments, and, generally, to exercise, in connection with its property and affairs, and in connection with property within its control, any and all powers which might be exercised by a natural person or a private corporation in connection with similar property and affairs.

(s) To dissolve and wind up the “Authority”; and specifically, when, as, and if, all indebtedness to the United States and all other proper and lawful indebtedness of the “Authority” shall have been fully paid, it shall be the duty of the “Authority,” through appropriate action of its officers and members, to convey and transfer in fee simple, free and clear of all debts, liens, encumbrances and obligations whatsoever, to the county in which said “Authority” shall have been created and set up, all of the projects, improvements, structures and operations constructed, erected, acquired or maintained by said “Authority” during the period of its corporate existence, and any and all monies, contracts, bills and notes receivable, leases, franchises, and all other property, whether real or personal, of the “Authority”; to render to said county, by its proper officers, full and complete account of all the transactions and business of the “Authority”; and to dissolve and wind up its affairs and thereafter cease entirely to exist.