§ 4. Control of Existing Facilities.

No existing projects, as hereinabove defined, and now owned or controlled by the City of Orlando, shall be under the jurisdiction, control or supervision of the Authority unless and until the City Council of the said City shall so direct by resolution at such time as the said Council shall determine that the Authority has been organized and is operating in such manner as to make control of such projects by the Authority appropriate, desirable and feasible from the standpoint of efficiency of administration, regulation and financing, and such resolution may also provide and contain such restrictions, limitations, qualifications and regulations as City Council may fix and determine as necessary in the public interest. In the event the City Council shall so direct by resolution, all contracts, books, maps, plans, papers and records of whatever description pertaining to any such project, shall be assigned and transferred to the Authority. All revenues of such projects shall thereafter be collected by the Authority and shall be applied as provided in this act, subject to any prior pledges of such revenues.

(Laws of Fla. ch. 57-1658, § 4; Laws of Fla. ch. 67-1834, § 3; Laws of Fla. ch. 75-464, § 23)