§ 2756. General powers of the authority. Except as otherwise limited\nby this title, the 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 bonds for any of its corporate purposes\nor its projects and to provide for the rights of the holders thereof;\n 4. to make and alter by-laws for its organization and management, and,\nsubject to agreements with its bondholders, to make and alter rules and\nregulations governing the exercise of its powers and the fulfillment of\nits purposes under this title;\n 5. to acquire by purchase, grant, lease, gift, condemnation pursuant\nto the provisions of the eminent domain procedure law with the approval\nof the county, or otherwise and to hold and use property nece
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§ 2756. General powers of the authority. Except as otherwise limited\nby this title, the 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 bonds for any of its corporate purposes\nor its projects and to provide for the rights of the holders thereof;\n 4. to make and alter by-laws for its organization and management, and,\nsubject to agreements with its bondholders, to make and alter rules and\nregulations governing the exercise of its powers and the fulfillment of\nits purposes under this title;\n 5. to acquire by purchase, grant, lease, gift, condemnation pursuant\nto the provisions of the eminent domain procedure law with the approval\nof the county, or otherwise and to hold and use property necessary,\nconvenient or desirable to carry out its corporate purposes, and to\nsell, convey, mortgage, lease, pledge, exchange or otherwise dispose of\nany such property in such manner as the authority shall determine;\n 6. to acquire, construct, reconstruct, lease, expand, improve,\nmaintain, equip, furnish, operate one or more projects and, if\nnecessary, to pay or finance the cost thereof;\n 7. to apply for and to accept gifts, grants, loans, or contributions\nof funds or property or financial or other aid in any form from, and\nenter into contracts or other transactions with, the federal government,\nthe state or any public corporation or any other source, and to use any\nsuch gifts, grants, loans or contributions for any of its corporate\npurposes;\n 8. to grant options to renew any lease with respect to any project or\nprojects and to grant options to buy any project at such price as the\nauthority may deem desirable;\n 9. to designate the depositories of its money;\n 10. to establish its fiscal year;\n 11. to enter into contracts, agreements and leases with the federal\ngovernment, the state, the county, any person or other public\ncorporation and to execute all instruments necessary or convenient to\naccomplishing its corporate purposes;\n 12. to appoint such officers, employees and agents as the authority\nmay require for the performance of its duties, and to fix and determine\ntheir qualifications, duties, and compensation subject to the provisions\nof the civil service law and any applicable collective bargaining\nagreement, and to retain or employ counsel, auditors, engineers and\nprivate consultants on a contract basis or otherwise for rendering\nprofessional, management or technical services and advice;\n 13. with the consent of the county executive to use employees, agents,\nconsultants and facilities of the county, paying the county its agreed\nproportion of the compensation or costs;\n 14. to make plans, surveys, and studies necessary, convenient or\ndesirable to the effectuation of the purposes and powers of the\nauthority and to prepare recommendations in regard thereto;\n 15. to enter upon such lands, waters or premises as in the judgment of\nthe authority may be necessary, convenient or desirable for the purpose\nof making surveys, soundings, borings and examinations to accomplish any\npurpose authorized by this title, the authority being liable for actual\ndamage done;\n 16. the authority may covenant and consent that the interest on any of\nits bonds or notes issued pursuant to this title shall be includible,\nunder the United States Internal Revenue Code of 1986, or any subsequent\ncorresponding internal revenue law of the United States, in gross income\nof the holders of the bonds or notes to the same extent and in the same\nmanner that the interest on bills, bonds, notes or other obligations of\nthe United States is includible in the gross income of the holders\nthereof under said Internal Revenue Code or any such subsequent law;\n 17. to do all things necessary, convenient or desirable to carry out\nits purposes and for the exercise of the powers granted in this title;\n 18. to insure or provide for the insurance of the authority's property\nor operations as required by law and also against such other risks as\nthe authority may deem advisable.\n