The use and operation of the port facilities, port-related projects and property of the authority and the operation of the business of the authority shall be subject to the rules and regulations adopted from time to time by the board, provided that the authority shall not be authorized to do anything which will impair the security of the holders of the obligations of the authority or violate any agreements with them or for their benefit, or violate any contracts, leases or other agreements awarded, made or entered into by the authority.
55 P.S. § 697.12