§ 511. Rules and regulations.
§ 511. Rules and regulations. The use of the facilities of the authority and the operation of its business shall be subject to the rules and regulations from time to time adopted by the authority. The authority shall not do anything which will impair the security of the holders of the obligations of the authority […]
§ 512. Continuation of powers.
§ 512. Continuation of powers. The State hereby pledges to and agrees with any person, firm or corporation or federal agency subscribing to or acquiring the bonds to be issued by the authority for the construction, extension, improvement or enlargement of any project or part thereof that the State will not limit or alter the […]
§ 513. Termination of authority.
§ 513. Termination of authority. When any authority shall have finally paid and discharged all bonds, which, together with the interest due thereon, shall have been secured by a pledge of any of the revenues or receipts of a project, it may, subject to any agreements concerning the operation or disposition of such projects, convey […]
§ 514. Exemption from taxation; payments in lieu of taxes.
§ 514. Exemption from taxation; payments in lieu of taxes. The effectuation of the authorized purposes of the authorities created under this chapter shall and will be in all respects for the benefit of the residents of incorporated cities for the increase of their commerce and prosperity, since such authorities will be performing essential governmental […]
§ 515. Transfer of existing facilities to authority.
§ 515. Transfer of existing facilities to authority. (a) Any municipality or owner may sell, lease, lend, grant or convey to any authority any project or any part or parts thereof or any interest in real or personal property which may be used by the authority in the construction, improvement, maintenance or operation of any […]
§ 516. Indemnification.
§ 516. Indemnification. (a) The Wilmington Parking Authority shall indemnify any member who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that the person is or was a member […]
§ 508. Acquisition of lands; cost financing by municipality.
§ 508. Acquisition of lands; cost financing by municipality. The authority may acquire by purchase or eminent domain proceedings either the fee or such rights, title, interest or easement in such lands as the authority deems necessary for any of the purposes mentioned in this chapter. When acquiring property or property rights the authority shall, […]
§ 509. Moneys; examination of accounts.
§ 509. Moneys; examination of accounts. All moneys of any authority, from whatever source derived, shall be paid to the treasurer of the authority. The moneys shall be deposited in the first instance by the treasurer in 1 or more banks or trust companies in 1 or more special accounts. The moneys in the accounts […]
§ 510. Contracts; competitive bidding.
§ 510. Contracts; competitive bidding. (a) The procurement of material and the award of contracts for construction, repairs or work of any nature made by any authority shall be subject to Chapter 69 of Title 29. (b) No member of the Board of the Wilmington Parking Authority shall be entitled to vote on any matter […]
§ 501. Findings and declaration of policy.
§ 501. Findings and declaration of policy. It is determined and declared as a matter of legislative finding that: (1) Residential decentralization in incorporated cities has been accompanied by an ever increasing trend in the number of persons entering the business sections by private automobile as compared with other modes of transportation; (2) The free […]