Authority may Purchase Port Facilities

Authority may Purchase Port Facilities. The power of the authority conferred by this chapter to purchase or otherwise acquire an existing airport or seaport shall expressly include the power and authority to purchase or acquire any publicly owned port facilities in fee or of any interest therein, or to enter into any lease agreement therefor, upon such terms and conditions of sale and purchase, or lease, as may be mutually agreeable to the authority and the owner of any such facilities, or the authority may acquire the same through the exercise of the power of eminent domain as limited by this chapter. The Marianas Public Land Corporation or any instrumentality of the Commonwealth is hereby authorized to sell, lease or transfer without cost port facilities owned or operated by them to the authority, and any such sale, purchase, lease, or transfer may be consummated without the necessity of notice of intention to sell, to lease, or to transfer, or the necessity of advertisement, or an election on the part of either party, any provision of any law applicable in the Commonwealth to the contrary notwithstanding. Source: PL 2-48, § 26.