§ 1428 — Purpose and powers of the authority

§ 1428. Purpose and powers of the authority. The purpose of the\nauthority shall be to construct, operate and maintain one or more\nprojects in the city. To carry out said purpose, the authority shall\nhave power:\n 1. To sue and be sued;\n 2. To have a seal and alter the same at pleasure;\n 3. To acquire, hold and dispose of personal property for its corporate\npurposes, including the power to purchase prospective or tentative\nawards in connection with the condemnation of real property;\n 4. To acquire by purchase, grant, lease, gift, condemnation or\notherwise, and use real property necessary or convenient for its\ncorporate purposes and to sell, convey, mortgage, lease, pledge,\nexchange, or otherwise dispose of such property in such manner as the\nauthority may determine; provided that the location of the site of any\nproject shall be subject to the prior approval of the planning board of\nthe city. All real property acquired by the authority by condemnation\nshall be acquired in the manner provided in the eminent domain procedure\nlaw or in the manner provided by law for the condemnation of land by the\ncity;\n 5. To make by-laws for the management and regulation of its affairs,\nand, subject to agreements with bondholders, for the regulation of the\nproject;\n 6. With the consent of the city to use agents, employees, and\nfacilities of the city, including the corporation counsel, paying to the\ncity its agreed proportion of the compensation or costs;\n 7. To appoint officers, agents and employees, to prescribe their\nqualifications and to fix their compensation; subject, however, to the\nprovisions of the civil service law, as hereinafter provided;\n 8. To make contracts and leases, and to execute all instruments\nnecessary or convenient;\n 9. To construct such buildings, structures and facilities as may be\nnecessary or convenient;\n 10. To construct, develop, maintain and operate the projects and to\ncontract in relation thereto with the city and with other persons, and\nto sell, lease or otherwise dispose of any project or part thereof to\nany person, provided such person shall undertake to operate and maintain\nany project or part thereof subject to such conditions and limitations\nas the authority may determine to be in the public interest and\nconsistent with its public purposes;\n 11. To accept grants, loans or contributions from the United States,\nthe state of New York, or any agency or instrumentality of either of\nthem, or the city, and to expend the proceeds for any purposes of the\nauthority;\n 12. To fix and collect rentals, fees and other charges for the use of\nthe projects or any of them subject to and in accordance with such\nagreements with bondholders as may be made as hereinafter provided;\n 13. To construct, operate or maintain in the projects all facilities\nnecessary or convenient in connection therewith; and to contract for the\nconstruction, operation or maintenance of any parts thereof or for\nservices to be performed; to rent parts thereof, and grant concessions,\nall on such terms and conditions as it may determine.\n 14. To enter into agreements with one or more financing agencies to\nprovide for the acceptance by the authority of credit cards as a means\nof payment of rentals, rates, fees and other charges owed by a person to\nthe authority. Any such agreement shall govern the terms and conditions\nupon which a credit card proffered as means of payment of a fee, rate,\nrent or other charge shall be accepted or declined and the manner in and\nconditions upon which the financing agency shall pay to the authority\nthe amount of fees, rates, rents or other charges paid by means of a\ncredit card pursuant to such agreement. Any such agreement may provide\nfor the payment by the authority to such financing agency of fees for\nthe services provided by such financing agency pursuant to such\nagreement, which fees may consist of a discount deducted from or payable\nin respect to the amount of such fee, rate, rent or other charge or\notherwise as the agreement may provide. If the authority has entered\ninto an agreement pursuant to this subdivision, it may accept credit\ncards as a means of payment of fees, rates, rents or other charges, as\nprovided in any such agreement and may pay such fees as are specified in\nsuch agreement to such financing agency thereunder. The authority may\npromulgate any rules or regulations necessary to carry out the\nprovisions of this subdivision. For the purposes of this subdivision,\nthe terms "credit card," "financing agency" and "person" shall have the\nsame meaning as provided in subdivision (a) of section five of the\ngeneral municipal law.\n