| | |
point of connection with the East-West Highway and only in | | accordance with reimbursement arrangements that are mutually | | satisfactory to the authority and the department; |
|
| | | L.__Employ assistants; agents and servants; engineering, | | traffic, architectural and construction experts and | | inspectors; and attorneys and other employees that it | | considers necessary or desirable for its purposes; |
|
| | | M.__Exercise any of its powers in the public domain of the | | United States, unless the exercise of those powers is not | | permitted by the laws of the United States; |
|
| | | N.__Borrow money; make, issue and sell at public or private | | sale negotiable notes, bonds and other evidences of | | indebtedness or obligations of the authority for the | | purposes set forth in this chapter; and secure the payment | | of those obligations or any part of those obligations by | | pledge of all or any part of the operating revenues of the | | East-West Highway; |
|
| | | O.__Enter into loan or security agreements with one or more | | lending institutions, including, but not limited to, banks, | | insurance companies and pension funds, or trustees for those | | lending institutions for purposes__for which bonds may be | | issued and exercise with respect to such loan or security | | agreements all of the powers delineated in this chapter for | | the issuances of bonds; |
|
| | | P.__Use toll revenues to provide payment of obligations, if | | any, that may be due to the United States in order to | | continue the use of the East-West Highway as a toll-type | | facility; |
|
| | | Q.__Before the issuance of any bonds, issue interim | | certificates in such a manner and with such conditions as | | the authority may determine to be exchanged for bonds when | | they are issued; |
|
| | | R.__Utilize the Department of Transportation, Office of | | Legal Services or the Department of the Attorney General for | | general counsel, bond counsel, labor defense, workers' | | compensation, legislative issues and other required legal | | services on a fee-for-service basis at rates determined by | | those agencies; |
|
| | | S.__Take all other lawful action necessary and incidental to | | these powers; |
|
|