The said airport authority shall make an annual report to the Dare County commissioners setting forth in detail the operations and transactions conducted by it pursuant to this act. The said airport authority shall be regarded as the corporate instrumentality and agent for the County of Dare for the purpose of developing airport facilities in the County of Dare but it shall have no power to pledge the credit of the County of Dare or any subdivision thereof, or to impose any obligation upon the County of Dare or any subdivision thereof, except and when such power is expressly granted by statute or the consent of the County of Dare.
(Sess. Laws 1971, ch. 503, § 10.)
Editor’s Note:
As to quarterly reports to board of commissioners, see section 18 of this act.