New York Statutes

§ 1115-C — General powers of the authority

New York·Law PBA Public Authorities·Title 6 Albany Municipal Water Finance Authority·Art. 5 Public Utility Authorities
§ 1115-c. General powers of the authority. The authority shall have\nthe power:\n 1. To sue and be sued;\n 2. To have a seal and alter the same at pleasure;\n 3. To borrow money and issue bonds or other obligations and to provide\nfor the rights of the holders thereof;\n 4. To enter into contracts and to execute all instruments necessary or\nconvenient or desirable for the purposes of the authority to carry out\nany powers expressly given it in this title;\n 5. To enter into agreements with the water board and the city for the\nfinancing by the authority of projects as herein provided;\n 6. To acquire, by purchase, gift, grant, transfer, contract or lease\nor by condemnation pursuant to the eminent domain procedure law, lease\nas lessee, hold, and use any real or personal property

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