Conformably to and in the exercise of the powers contained in the Municipality Authorities Act of June 28, 1935, P.L. 463,[1] and the supplements thereto and amendments thereof, Vanport Township, a first class township of the County of Beaver, hereby expresses its desire to organize an Authority under said Act and by this article signifies its intention to do so, said Authority to be incorporated under said Act of Assembly for the purpose of acquiring, holding, constructing, improving, maintaining and operating, owning and/or leasing, either in the capacity of lessor or lessee, land and buildings to be devoted wholly or partially for public uses and for revenue producing purposes, such purposes being waterworks, water supply works, water distribution systems, sewers, sewer systems or parts thereof and sewage treatment works; provided, however, that Vanport Township may from time to time by subsequent resolution or ordinance specify other and additional project or projects to be undertaken by said Authority, and no other projects shall be undertaken by said Authority than those herein or hereafter so specified; provided, further, that said Authority shall have no power at any time or any manner to pledge the credits or taxing power of Vanport Township nor shall any of the obligations of said Authority be deemed to be the obligations of Vanport Township nor shall Vanport Township be liable for the payment of principal of or interest on any such obligations.
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Editor's Note: See now the Municipality Authorities Act, 53 Pa.C.S.A. § 5601 et seq.