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AGO Opinions with Topic: ACQUISITION OF FERRIES
AGO 1965 No. 13 >  March 15, 1965
DISTRICTS - PORT - ACQUISITION OF FERRIES - REVENUE BONDS - AUTHORITY TO LEASE FERRIES TO WASHINGTON TOLL BRIDGE AUTHORITY; AUTHORITY OF STATE AGENCY
DISTRICTS ‑- PORT ‑- ACQUISITION OF FERRIES ‑- REVENUE BONDS ‑- AUTHORITY TO LEASE FERRIES TO WASHINGTON TOLL BRIDGE AUTHORITY; AUTHORITY OF STATE AGENCY A port district and the Washington Toll Bridge Authority have the statutory authority to enter into an agreement for the acquisition of ferries whereby the port district will (1) purchase the ferries and lease them to the Washington Toll Bridge Authority; and (2) issue revenue bonds to finance the purchase, payable solely out of the rental received from leasing the ferries.
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