The Authority may not: exercise any police or general powers other than those authorized by state law and City ordinance; pledge the full faith or credit of the City; impose taxes or charges in excess of those approved by the Board of Estimates; exercise the power of eminent domain; extend its life without the approval of the City Council; except as otherwise provided by law, engage in competition with the private sector; except as otherwise provided in § 47, revert charges or taxes collected pursuant to this subtitle to the Financial Plan of the City; be an agency of the Mayor and City of Baltimore or the State of Maryland<em>[,]</em> and its officers and employees may not act as agents or employees of the Mayor and City of Baltimore or the State of Maryland; employ individuals who reside outside the City of Baltimore; and except as required or appropriate to facilitate its normal operations, incur debt. City Code, 1976/83, art. 1, §257 Ord. 94-414