(a) A board is a body politic and corporate.
(b) The board may:
(1) manage, control, maintain, and operate the island property;
(2) employ a general manager and any other officer, employee, or representative the board considers appropriate;
(3) prepare and adopt a budget, set charges for a service or facility, authorize an expenditure, and manage and control the income and revenue of the island property;
(4) determine policies and adopt rules and procedures for the operation of the island property;
(5) acquire property or an interest in property to accomplish the purposes of this chapter and construct an improvement or facility on the property;
(6) contract in its own name, but not in the name of the municipality;
(7) sue and be sued in its own name;
(8) adopt, use, and alter a corporate seal; and
(9) establish a security force and commission as a peace officer an employee of the force who is licensed by the Texas Commission on Law Enforcement.
(c) A person commissioned as a peace officer under this chapter has each right, privilege, obligation, and duty of other peace officers in this state while on the property under control of the board or in the actual course and scope of the person's employment.