The Port Authority of the city is hereby organized for the purposes of discharging those powers and duties granted to same under the laws of the state, including, without limitation, the power to manage, establish, construct, purchase, or develop any and all facilities necessary to maintain, enhance, and promote the shoreline, lakefront, rivers, streams, marinas, and other water resources within, bordering or adjacent to the city and to develop, maintain, purchase, construct, plan for, and otherwise manage all facilities, railroads, streets, and other public facilities, including utilities to the extent permitted by law, for the purpose of developing, maintaining, managing, and enhancing the recreational, commercial, and industrial opportunities of residents and businesses of the city.
(Prior Code, § 44.03) (Ord. 0-99-0027, passed 12-20-1999)