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restaurants, kiosks, fuel and service facilities, leased or rented | | by the authority to__business entities, are subject to taxation, | | and assessments must be made against the tenant in possession based | | upon the value of the leasehold interest, both real and personal.__ | | The authority may not be required to pay any tax upon its income | | except as may be required by the laws of the United States, and the | | bonds or other securities and obligations issued from the authority | | and the transfer and the income from the transfer of those bonds or | | other securities and obligations, including any profits made on | | that sale, must at all times be free from taxation within the | | State. |
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| | | The authority is authorized to provide by resolution for the | | issuance of highway revenue refunding bonds of the authority, | | including notes or other obligations defined as bonds under this | | chapter for the purpose of refunding any bonds then outstanding, | | including the payment of any redemption premium on those bonds | | and any interest accrued or to accrue to the date of redemption | | of those bonds; and, if considered advisable by the authority, | | for any additional purpose for which bonds authorized by this | | chapter may be issued.__The issuance of the bonds and the | | maturities and other details of the bonds, the rights of the | | holders of the bonds and the rights, duties and obligations of | | the authority in respect to those rights, duties and obligations | | are governed by this chapter insofar as these rights, duties and | | obligations may be applicable. |
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| | | §1999.__Maintenance of East-West Highway |
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| | | 1.__Maintenance and repair. The East-West Highway must be | | maintained and repaired by and under the control of the authority | | and, at the discretion of the authority, the services of the | | department, as far as the services are available or expedient, | | may be utilized for this purpose.__All charges and costs for | | maintenance and repairs actually expended by the department must | | be paid to it by the authority.__The East-West Highway must be | | operated by such force of toll takers and other operating | | employees as the authority may in its discretion employ.__The | | authority may utilize the services of the State Police to enforce | | the rules of the authority with respect to tolls, volume, weight | | and speed of traffic and with respect to such other matters of | | enforcement as it may in its discretion require, and all charges | | and costs for those services actually expended by the State | | Police must be paid by the authority to the Treasurer of State in | | accordance with section 1999-A, subsection 4. |
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| | | 2.__Speed limit. The authority may by rule prescribe a maximum | | limitation on the speed of vehicles using the East-West |
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