(a) This Port Authority shall have territorial limits coterminous with the boundaries of the City of Clyde as they now or hereafter exist, and, in addition, if the Authority acquires ownership of or leases real property, the territorial limits of the Authority shall automatically be extended to include the territory on which such real property is located, if and to the extent such real property extends outside the boundaries of the City.
(b) The Port Authority shall be a body corporate and politic and shall have the powers and jurisdiction now and hereafter given to it by the Act, except as such powers are limited by this chapter or by any subsequent amendments hereto.
(c) The Council of the City of Clyde may, from time to time, by subsequent ordinance, expand or restrict the permitted scope of the Port Authority's powers.
(d) No new restriction can impair any then current Authority agreements, contracts, notes, bonds, mortgage and security interests, and any other documents or obligations in connection therewith.
(e) The exercise of those powers and that jurisdiction by the Port Authority are deemed to be essential government functions of the State of Ohio.
(Ord. 2022-54. Passed 9-20-22.)