Section 577. Thousand Islands Bridge Authority

1. A board to be known as
  "Thousand Islands Bridge Authority" is hereby created. Such board  shall
  be   a   body  corporate  and  politic  constituting  a  public  benefit
  corporation. It shall consist of five members who shall be appointed  by
  the  chairman of the board of supervisors subject to the approval of the
  supervisors.
    2. The term of office of the members of the board hereby  created  who
  are  first  appointed  shall  be  one,  two,  three, four and five years
  respectively, dating from January first, nineteen hundred  thirty-three,
  and  thereafter  the  term  of office of members shall be five years. In
  addition, at any time when  the  authority  has  control  of  properties
  physically  situated in Canada, the number of members of such board may,
  at the option of the supervisors, be increased to seven,  any  three  of
  whom  may  be  residents or citizens of Canada, with such additional two
  members to be appointed in the same manner. Members  shall  hold  office
  until their successors are appointed and qualify. An appointment to fill
  a  vacancy  shall be for the unexpired term. The chairman, vice-chairman
  and secretary of such board shall be elected annually by such board. The
  members of the board shall be entitled to such compensation, if any, for
  their services as shall  be  fixed  by  the  supervisors  and  shall  be
  entitled  to  reimbursement  for  their  actual  and reasonable expenses
  incurred in the performance of their official duties. The power of  such
  corporation  shall  be  vested  in  and  exercised  by a majority of the
  members of such board then in office. Such board may delegate to one  or
  more  of  its  members,  or to its agents and employees, such powers and
  duties as it may deem proper.
    3. Such board and its corporate existence shall continue until all  of
  its   indebtedness  created  prior  to  April  first,  nineteen  hundred
  eighty-one, and all notes and bonds issued as  provided  in  this  title
  shall  have  been  paid  in full, and thereafter until such existence is
  terminated by formal action of the supervisors, which shall specifically
  provide for the assumption by and agreement of the county to pay any and
  all liabilities, indebtedness and obligations of the authority.
    4. The authority's right to own, control  and  operate  properties  or
  facilities  situated  within  the  Dominion  of Canada depends and shall
  continue to depend upon grants in its favor by the federal government of
  Canada and the government of the province of Ontario, agreements between
  the authority and such foreign governments,  or  political  subdivisions
  thereof and by the laws of such foreign jurisdictions.
    5.  When  all of its notes and bonds have been paid in full and all of
  its other liabilities and obligations have either been met  or  paid  in
  full  or  assumed  by the county and when the existence of the authority
  has been terminated by the supervisors as hereinabove provided, then all
  its rights and properties, so far as the same are located in the  United
  States, including the right to fix, charge and collect tolls for the use
  of  the  American  channel  bridge or bridges, shall be conveyed without
  cost or expense to the county and all its rights and properties, so  far
  as  the  same  are  located in the Dominion of Canada, shall be conveyed
  without cost or expense to the province of Ontario, or otherwise as  the
  lieutenant-governor in council thereof may designate. Such conveyance to
  the  province of Ontario may also be made in the same manner at any time
  when the authority's right to own or control or  operate  properties  or
  facilities  in  Canada has been terminated even though its existence and
  right to operate in the state or county may be unimpaired.