(A) There is hereby created a Port Authority of the city which shall be a body corporate and politic. The Port Authority may sue and be sued, plead and be impleaded, and shall have the powers and jurisdiction enumerated in this chapter and granted under the laws of the state. The exercise by the Port Authority of the powers conferred upon it shall be deemed to be an essential governmental function of the state and the city, but the Port Authority shall not be immune from liability by reason thereof.
(B) In the exercise of the powers and authorities herein granted, the Port Authority shall have power to make and enter into any and all contracts in the name of the governmental unit creating the authority, and the contracts as may be necessary to effectuate the purposes of this chapter and which are not otherwise expressly provided for shall be made without ratification thereof by any other board, body, or officer.
(Prior Code, § 44.02) (Ord. 0-99-0027, passed 12-20-1999)