| OCR Text |
Show DELAWARE RIVER BASIN COMPACT 117 tenances thereto necessary, useful or convenient for such owner- ship, operation, control,maintenance or conveyance; 6) Have and exercise ail corporate powers essential to the de- clared objects and purposes of the commission, (b) The commissioners, subject to the provisions of this compact, shall: 1) Serve as the governing body of the commission, and exercise and discharge its powers and duties except as otherwise provided by or pursuant to this compact; 2) Determine the character of and the necessity for its obliga- tions and expenditures ami the manner in which they shall be incurred, allowed, and paid subject to any provisions of law specifically applicable to agencies or instrumentalities created by compact; 3) Provide for the internal organization and administration of the commission; 4) Appoint the principal officers of the commission and dele- gate to and allocate among them administrative functions, powers and duties; 5) Create and abolish offices, employments and position as it deems necessary for the purposes of the commission, and subject to the provisions of this article, fix and provide for the qualifica- tion, appointment, removal, term, tenure, compensation, pension and retirement rights of its officers and employees; 6) Let and execute contracts to carry out the powers of the commission. 14.2 Regulations; Enforcement. The commission may: (a) Make and enforce reasonable rules and regulations for the effectuation, application and enforcement of this compact; and it may adopt and enforce practices and schedules for or in connection with the use, maintenance and administration of projects and facilities it may own or operate and any product or service rendered thereby; provided that any rule or regulation, other than one which deals solely with the internal management of the commission, shall be adopted only after public hearing and shall not be effective unless and until filed in accordance with the law of the respective signatory parties applicable to administrative rules and regulations generally; and (b) Designate any officer, agent or employee of the commission to be an investigator or watchman and such person shall be vested with the powers of a peace officer of the state in which he is duly assigned to perform his duties. 14.3 Tax Exemption. The commission, its property, functions, and activities shall be exempt from taxation by or under the authority of any of the signatory parties or any political subdivision thereof; provided that in lieu 9^ property taxes the commission shall, as to speeific projects, make payment to local taxing districts in annual amounts which shall equal the taxes lawfully assessed upon property for the tax year next j>rior to its acquisition by the commission for a period of ten years. The nature and amount of such payments shall be reviewed by the commission at.the end of ten years, and from time to time thereafter, upon reasonable notice and opportunity to be heard to the affected taxing district, and the payments may be thereupon |
