New York Statutes

§ 5 — General powers of the corporation

New York·Law HHC New York City health and hospitals corporation act 1016/69
§ 5. General powers of the corporation. The corporation shall have the\nfollowing powers in addition to those specifically conferred elsewhere\nin this act:\n 1. To sue and be sued;\n 2. To have a seal and to alter the same at its pleasure;\n 3. To adopt, alter, amend or repeal by-laws or rules or regulations\nfor the organization, management, and regulation of its affairs;\n 4. To borrow money and to issue negotiable notes, bonds or other\nevidences of indebtedness and to provide for the rights of the holders\nthereof in accordance with the provisions of this act; provided,\nhowever, that the corporation shall not issue bonds, notes or other\nevidences of indebtedness for the construction of a health facility\nwithout the prior approval of the mayor and, in the case of major\nconstr

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