§ 1500-D — Purpose and powers of the authority

§ 1500-d. Purpose and powers of the authority. The purpose of the\nauthority shall be to aquire, reconstruct, operate and maintain one or\nmore covered projects in the city. To carry out said purpose, the\nauthority 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 acquire, hold and dispose of personal property for its corporate\npurposes;\n 4. To make by-laws for the management and regulation of its affairs,\nand, subject to agreements with bondholders, for the regulation of the\ncovered projects;\n 5. With the consent of the city, to use agents, employees and\nfacilities of the city, paying to the city its agreed proportion of the\ncompensation or costs;\n 6. 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 7. To appoint an attorney, who may be the corporation counsel of the\ncity, and to fix such attorney's compensation;\n 8. To make contracts and leases, and to execute all instruments\nnecessary for its corporate purpose;\n 9. To construct such buildings, structures and facilities as may be\nnecessary for its corporate purpose;\n 10. To reconstruct, improve, maintain, repair and operate the covered\nprojects;\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, or an individual, by bequest or otherwise, and to\nexpend the proceeds for any purposes of the authority;\n 12. To fix and collect rentals, fees and other charges for the use of\nthe covered projects subject to and in accordance with such agreements\nwith bondholders as may be made as hereinafter provided; and\n 13. To construct, operate or maintain in the covered projects all\nfacilities necessary or convenient in connection therewith; and to\ncontract for the construction, operation or maintenance of any parts\nthereof or for services to be performed; to rent parts thereof, and\ngrant concessions, all on such terms and conditions as it may determine;\nprovided however, that neither the authority, the city or any agency of\nthe authority or city, or any other person, firm or corporation shall,\nwithin or on any property comprising a part of any covered project\nauthorized by this title, sell, dispense or otherwise handle any product\nused in or for the servicing of any motor vehicle using any project or\nfacility authorized by this title, and provided further that the\nlocation of sites of the covered projects shall be subject to the prior\napproval of the planning board and common council of the city.\n