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Show 156 INTERSTATE COMPACTS stituted for that purpose, and for inspection by others who may be au- thorized by the Commission. The Commission shall have its accounts audited annually by an independent certified accountant or ac- countants. "7. The fiscal year of the Commission shall be July 1 to June 30, inclusive. "8. The Commission shall make an annual report to the Governor and the legislature of each signatory State setting forth in detail the operations and transactions conducted by it pursuant to this compact, and shall make recommendations for any legislative action deemed by it to be advisable, including amendments to the statutes of the signatory States which may be deemed necessary to carry out the intent and purpose of this compact. "9. No member, agent, or employee of the Commission shall have a personal interest, either directly or indirectly, in any contract en- tered into by the Commission, including the sale to the Commission of any real or personal property. A violation of this provision shall constitute a misdemeanor and. upon trial and conviction, shall be punishable in accordance with the laws of the signatory State of which the offender is a citizen, or, in the absence of any law providing a penalty for such a misdemeanor, by fine or imprisonment or both in the discretion of the Court. "10. N"o member, agent or employee of the Commission, while acting within the scope of his authority, shall be personally liable for any acts performed in the execution of the powers expressly authorized by this compact. "aKTICLE IV-GENERAL POWERS "1. For the effectuation of its authorized purposes, the Commission is hereby granted and shall have the following powers in addition to such powers as may be provided for elsewhere in this compact, to wit: "(a) To sue in its own name in Federal and State courts. "(b) To acquire, own, hire, use, operate, and dispose of personal property. "(c) To acquire, own, use, and operate real property and interests therein, to make improvements thereon, and to convey, lease or other- wise dispose of any such property no longer necessary for the au- thorized purposes of the Commission. "(d) To grant, by lease or otherwise, the use of any property or facility owTied or controlled by the Commission, and to make charges therefor. " (e) To exercise the right of eminent domain, as provided in Article V of this compact. " (f) To borrow money, make and issue from time to time negotiable bonds and notes, to fund and refund the same, and to provide for the rights of the holders of its bonds and notes, as provided in Article XIII of this compact. "(g) To establish, levy, and collect, without being subject to the supervision or regulation of any commission, board, bureau or agency of any of the signatory States or political subdivisions thereof, such rentals, fees or other charges for use of the facilities of or for the .services rendered by the Commission, and to revise such rentals, fees, |
