Page:United States Statutes at Large Volume 48 Part 1.djvu/1036

 1010 73d C ONGRESS. SESS. II. CH. 596. JUNE 18, 1934. (d ) To a cquire, purcha se, ho ld, use, lease , mort gage, s ell, tr ansfer , and dispose of any property, real, personal, or mixed, tangible or intangible, or any interest therein ; ( e) To make b ylaws for t he man agemen t and regul ation of its affairs ; (f) To appoint officers, agents, employees, and servants, to pre- scribe their duties and to fix their compensation ; (g) To fix, alter, charge, and collect tolls and other charges for transit over and use of such bridge ; (h) To borrow money, make and issue negotiable notes, bonds, and other evidences of indebtedness of the Commission, and to secure the p ayment of suc h obligations or any thereo f by mortgage, lien, pledge or deed of trust upon all or any of the property of the Com- missi on, and to ma ke agreements with the purc hasers or hol ders of such obligations, or with others in connection with any such obliga- tions, issued or to be issued, as the Commission shall deem advisable, and in general to provide for the security for said obligations and the rights of the holders thereof ; (i) To make contracts of every kind and nature and to execute all instruments necessary or convenient for the carrying on of its affairs ; and (j)' Without limitation of the foregoing, to borrow money from the United States Government or any corporation or agency created, desig nated, or est ablished by th e United Stat es and to ent er into contracts with the United States or such corporation or agency. Bond issue au tho r- SEC. 8 . Without limiting any powers anywhere in this Act granted zed to cover cost. to th e Commission, the Commissio n is hereby a uthorized to provide for the payment of the cost of the bridge and its approaches and the necessary land, easements, and appurtenances thereto by an issue or issues of negotiable bonds of the Commission and to secure the pay- ment of all or any such bonds by mortgage, lien, pledge, or deed of Bonds to be author- trust upon all or any of its property. Said bonds shall be authorized zed by c omm issio n. by resolution of the Commission and shall bear such date or dates, be in such forms and contain such provisions as the Commission may determine and as may be provided in such resolution or in the mort- gage or deed of trust or other instrument securing said bonds. Any resol ution or reso lutions author izing such bo nds may conta in pro- Provisi ons of. visions, which shall be part of the contract with the holders of such bonds, as to (a) the rates of tolls and other charges to be charged by the Commission for transit over or use of the bridge, (b) the regis- tration of the bonds as to principal only or as to principal and inter- est, and the interchangeability and exchangeability of such bonds, (c) the issuance of temporary bonds or interim receipts pending the preparation of definitive bonds, and the terms and provisions of such temporary bonds or interim receipts, (d) the redemption of the bonds, and the price or prices, not exceeding 105 and accrued interest, at which they shall be redeemable, (e) the setting aside of reserves or sinking funds and the regulation and disposition thereof, (f) limita- tions upon the issuance of additional bonds, (g) the terms and pro- visions of any mortg age, deed of t rust, or othe r instrument u nder which the bonds may be issued or by which they may be secured, and (h) any other or additional agreement, with the holders of such signatures bonds. The bonds shall be signed by such officers as the Commission shall determine, and coupon bonds shall have attached thereto inter- est coupons bearing the facsimile signature of the treasurer or other corresponding officer of the Commission. Any such bonds may be issued and delivered, notwithstanding the fact that one or more of the officer s sign ing suc h bonds, or t he trea surer o r corr espondi ng offi -
 * effect of.