The Authority may operate any mass transit system which it establishes, or instead of operating the same in its own name, the Authority may enter into one or more management contracts for operating the same or any part hereof, under such terms and conditions as it may determine to be proper and desirable. However, any such management contract shall retain in the Authority the power to establish and adjust from time to time, rates and charges to be exacted from the public for use of service and facilities referred to therein, and the power to issue revenue bonds, mortgage bonds thereof.
(Ord. 717, passed 8-28-80)