New York Statutes

§ 5 — General powers and duties of corporation

New York·Law FDC Facilities Development Corporation Act 359/68
§ 5. General powers and duties of corporation. The corporation shall\nhave the following powers in addition to those specifically conferred\nelsewhere in this act.\n 1. To sue and be sued.\n 2. To have a seal and alter the same at pleasure.\n 3. To make and alter by-laws for its organization and internal\nmanagement.\n 4. With the approval of the comptroller, to prescribe a system of\naccounts.\n 5. To make rules and regulations governing the exercise of its\ncorporate powers and the fulfillment of its corporate purposes, which\nrules and regulations shall be filed with the secretary of state in the\nmanner provided by section one hundred two of the executive law.\n 6. To accept jurisdiction over and to hold, use and improve, in\naccordance with such terms and conditions as the cor

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