New York Statutes

§ 1196-D — General powers of an authority

New York·Law PBA Public Authorities·Title 8-A New York State Local Water and Sewer Authority Act·Art. 5 Public Utility Authorities
§ 1196-d. General powers of an authority. Except as otherwise limited\nby this title, an authority shall have 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 negotiable or non-negotiable notes,\nbonds, or other obligations and to provide for the rights of the holders\nthereof;\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 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 or any interest\ntherein, as the authority may deem necess

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