The following words and phrases when used in this article shall have the meanings given to them in this section unless the context clearly indicates otherwise:

“Authority.” A body politic and corporate created pursuant to this article.

“Board.” The governing body of the Authority.

“Bonds.” Notes, bonds and other evidence of indebtedness or obligations which the Authority is authorized to issue pursuant to section 2505-A.¹

“City.” A city of the second class which is located in a county of the second class.

“Construct.” To acquire and to construct, all in such manner as may be deemed desirable.

“Construction.” Acquisition and construction.

“County.” A county of the second class in which a city of the second class is located.

“Federal agency.” The United States of America, the President of the United States of America and any department or corporation, agency or instrumentality heretofore or hereafter created, designated or established by the United States of America.

“Improve.” To enlarge and to improve, all in such manner as may be deemed desirable.

“Improvement.” Enlargement and improvement.

“Municipal authorities.” The governing bodies of the county or the council of the city.

“Municipality.” Any county, city, town, borough, township or school district of the Commonwealth.

“Project.” Any structure, facility or undertaking which the Authority is authorized to acquire, construct, improve, maintain or operate under the provisions of this article.

“Public auditorium.” Any structure appropriate for large public assemblies, the holding of conventions, sporting tournaments, athletic contests and exhibitions, musical and dramatic performances and other business, social, cultural, scientific and recreational events and all facilities necessary or incident thereto, including provisions for adequate off-street parking. Nothing herein contained shall be construed to prohibit the constructing, on sites acquired adjacent to and in connection with such structures and facilities, of improvements, buildings and other structures for the purpose of producing revenues to assist in defraying the costs of operation, maintenance and debt service of the project.