The Council of this borough signifies its intention and desire to organize an Authority under the provisions of the Act of May 2, 1945, P.L. 382, known as 53 Pa.C.S. §§ 5601 et seq., as amended and supplemented (the Authorities Act), for the purpose of exercising any and all powers conferred by the Authorities Act.
(Prior Code, Ch. 1, § 1-301) (Ord. passed 7-2-1962, § 1)