(a) A municipality that acquires a toll bridge under this subchapter may:
(1) maintain, operate, own, hold, control, repair, improve, extend, or replace the toll bridge;
(2) renew or extend an existing franchise and obtain a new or additional franchise for the bridge; and
(3) take any action required for maintaining or operating the bridge, conducting the bridge's business, or providing services to the public and to the users of the bridge.
(b) To accomplish the purposes of this section the municipality may enter into and perform a contract, agreement, or undertaking of any kind required by the United States or the United Mexican States or a department, officer, governmental agency, or public authority of either nation.