J. MILLARD TAWES, Governor                      2049

COUNTY, JOINTLY OR SEVERALLY OR FROM ANY OTHER
SOURCE; AND THE STATE AND ANY OF THE AFOREMEN-
TIONED POLITICAL SUBDIVISIONS, JOINTLY OR SEVER-
ALLY, OR ANY OTHER LEGAL ENTITY, MAY LEND TO THE
AUTHORITY OUT OF OR FROM FUNDS WHICH THEY OR
ANY OF THEM MAY HAVE AVAILABLE FOR THE PURPOSE,
A SUM OF MONEY NOT EXCEEDING FIFTY THOUSAND
DOLLARS, UPON SUCH TERMS AND CONDITIONS AND
UPON THE EXECUTION OF SUCH LEGAL INSTRUMENTS
AS MAY BE MUTUALLY AGREED UPON BY THE PARTIES
TO ANY SUCH TRANSACTION. THE AUTHORITY SHALL RE-
PAY THE PRINCIPAL AMOUNT OF ANY SUCH LOAN AND
ALL INTEREST DUE IN CONNECTION THEREWITH OUT OF
ANY FUNDS WHICH IT MAY HAVE AVAILABLE NOT LATER
THAN ONE YEAR AFTER THE DATE OF THE SAID LOAN.

14. (c) Upon the vote of [at least three] a majority of the mem-
bers of the commission AUTHORITY '(which [three] majority shall
include at least one member who resides in the political subdivision
wherein is the place of business of the public mass transportation sys-
tem being acquired, and at least one member who resides in each of
the political subdivisions within which are regularly operated the
public transit facilities of the public mass transportation company
being acquired) and not before two years after the effective date of
this article, it shall be lawful for the Authority to acquire, own, and
operate any mass transportation company or companies being oper-
ated within the area and over which the Authority has jurisdiction
provided the carrier to be acquired transported at least five million
(5,000,000) revenue passengers in the twelve (12) months immedi-
ately preceding the acquisition. Said acquisition may be effected
through purchase or condemnation or such other means as the Au-
thority may determine, EXCEPT THAT THE ACQUISITION
SHALL NOT BE EFFECTED BY CONDEMNATION UNLESS
THE SYSTEM, COMPANY OR CARRIER TO BE ACQUIRED
TRANSPORTED AT LEAST FIVE MILLION REVENUE
PASSENGERS IN THE TWELVE MONTHS IMMEDIATELY
PRECEDING THE ACQUISITION.

14. (I) TO PROVIDE BY RESOLUTION FOR MEETING THE
COST OF ACQUIRING, CONSTRUCTING, ESTABLISHING, EX-
TENDING, OR MAKING CAPITAL IMPROVEMENTS TO THE
PUBLIC TRANSIT OR TRANSPORTATION FACILITIES OR
OFF-STREET PARKING FACILITIES OWNED OR OPERATED
BY THE AUTHORITY:

(1) THROUGH THE EXPENDITURE OF ANY FUNDS
AVAILABLE FOR THAT PURPOSE;

(2) THROUGH THE ISSUANCE OF BONDS, NOTES, OR
OTHER EVIDENCES OF INDEBTEDNESS FOR THAT PUR-
POSE, PAYABLE SOLELY FROM REVENUE DERIVED FROM
ANY PUBLIC TRANSIT OR TRANSPORTATION FACILITIES
OWNED OR OPERATED BY THE AUTHORITY;

(3) THROUGH THE ISSUANCE OF BONDS, NOTES, OR
OTHER EVIDENCES OF INDEBTEDNESS SECURED SOLELY
BY THE CREDIT OF SPECIFIC PROPERTY OWNED BY THE
AUTHORITY;