§ 2535. General powers of the corporation. The corporation shall have\nthe following powers in addition to those specially conferred elsewhere\nin this title:
(2)to have a seal and alter the\nsame at pleasure;
(3)to make and alter by-laws for its organization and\ninternal management and, subject to agreements with noteholders or\nbondholders, to make rules and regulations governing the use of its\nproperty and facilities;
(4)to make and execute contracts, leases,\nsubleases and all other instruments or agreements necessary or\nconvenient for the exercise of its powers and functions under this\ntitle;
(5)to purchase real or personal property necessary and\nconvenient for its corporate purposes; to execute and deliver deeds for\nreal property held in its own na
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§ 2535. General powers of the corporation. The corporation shall have\nthe following powers in addition to those specially conferred elsewhere\nin this title: (1) to sue and be sued; (2) to have a seal and alter the\nsame at pleasure; (3) to make and alter by-laws for its organization and\ninternal management and, subject to agreements with noteholders or\nbondholders, to make rules and regulations governing the use of its\nproperty and facilities; (4) to make and execute contracts, leases,\nsubleases and all other instruments or agreements necessary or\nconvenient for the exercise of its powers and functions under this\ntitle; (5) to purchase real or personal property necessary and\nconvenient for its corporate purposes; to execute and deliver deeds for\nreal property held in its own name; and to sell or otherwise to dispose\nof such real or personal property that, in the judgment of the\ncorporation, is no longer necessary for its corporate purposes; (6) to\nappoint officers, agents and employees, prescribe their duties and\nqualifications and fix their compensation; (7) to commence any action to\nprotect or enforce any right conferred upon it by any law, contract or\nother agreement; (8) subject to other provisions of law, to transfer to\nthe city such sums of money as are not required for other purposes; (9)\nto borrow money and to issue negotiable notes or bonds or other\nobligations and to fund or refund the same, and to provide for the\nrights of the holders of its obligations; (10) subject to the provisions\nof any contract with noteholders or bondholders, to invest any funds\nheld in reserves or sinking funds, or any funds not required for\nimmediate use or disbursement, at the discretion of the corporation, in\nobligations of the city, state or federal government, obligations the\nprincipal of and interest on which are guaranteed by the city, state or\nfederal government, or obligations of agencies of the federal government\nwhich may, from time to time, be legally purchased by savings banks of\nthe state as investments of funds belonging to them or in their control\nand which have been approved by the state comptroller or in secured time\ndeposits or other interest bearing accounts secured by such obligations;\n(11) subject to the provisions of any contract with noteholders or\nbondholders, to purchase notes or bonds of the corporation; (12) to\nprocure insurance against any loss in such amounts and from such\ninsurers as it deems desirable; (13) to engage the services of\nconsultants on a contract basis for rendering professional and technical\nassistance and advice; (14) to contract for and to accept any gifts or\ngrants or loans of funds or property or financial or other aid in any\nform from the federal government or any agency or instrumentality\nthereof, or from any other source and to comply with the terms and\nconditions thereof; (15) as security for the payment of the principal of\nand interest on any bonds so issued and any agreements made in\nconnection therewith, to pledge all or any part of its revenues; (16) to\ndo any and all things necessary or convenient to carry out its purposes\nand exercise the powers expressly given and granted in this title.\n