§ 3235 — General powers of the corporation

§ 3235. General powers of the corporation. The corporation shall have\nthe following powers in addition to those specially conferred elsewhere\nin this title:\n 1. to sue and be sued;\n 2. to have a seal and alter the same at pleasure;\n 3. to make and alter by-laws for its organization and internal\nmanagement and, subject to agreements with bondholders or noteholders,\nto make rules and regulations governing the use of its property and\nfacilities;\n 4. to make and execute contracts, leases, subleases and all other\ninstruments or agreements necessary or convenient for the exercise of\nits powers and functions under this title;\n 5. to purchase real or personal property necessary and convenient for\nits purposes; to execute and deliver deeds for real property held in its\nown name; and to sell or otherwise to dispose of such real or personal\nproperty that, in the judgment of the corporation, is no longer\nnecessary for its corporate purposes;\n 6. to appoint officers, agents and employees, prescribe their duties\nand qualifications and fix their compensations subject to the provisions\nof the civil service law and any applicable collective bargaining\nagreement;\n 7. to commence any action to protect or enforce any right conferred\nupon it by any law, contract or other agreement;\n 8. to make payments to local governments in such amounts as are\nprovided for by this title;\n 9. to borrow money and, in accordance with section three thousand two\nhundred thirty-six of this title, to issue bonds or notes or other\nobligations in respect of amounts borrowed and to fund or refund the\nsame, and to provide for the rights of the holders of its obligations\nsubject to provisions of this title;\n 10. subject to the provisions of any contract with bondholders or\nnoteholders, to invest any funds held in reserves or sinking funds, or\nany funds not required for immediate use or disbursement, at the\ndiscretion of the corporation, in obligations in which the comptroller\nis authorized to invest pursuant to section ninety-eight-a of the state\nfinance law;\n 11. subject to the provisions of any contract with bondholders or\nnoteholders, to purchase bonds or notes of the corporation;\n 12. to procure insurance in such amounts and from such insurers as it\ndeems desirable;\n 13. to engage the services of consultants on a contract basis for\nrendering professional and technical assistance and advice;\n 14. to receive and accept, and 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, the state or any agency or instrumentality thereof, or from any\nother source and to comply with the terms and conditions thereof;\n 15. as security for the payment of the principal of and interest on\nany bonds or notes issued by it pursuant to this title and any\nagreements made in connection therewith and for its obligations under\nbond or note facilities to pledge all or any part of its revenues or\nassets;\n 16. to procure insurance, letters of credit or other credit\nenhancement with respect to its bonds or notes issued pursuant to this\ntitle, or facilities for the payment of tenders of such bonds or notes\nor facilities for the payment upon maturity of short-term notes not\nrenewed;\n 17. to adopt, amend or rescind rules and regulations appropriate to\nits corporate purposes and to enter into agreements and otherwise to do\nany and all things necessary or convenient to carry out its purposes and\nexercise the powers expressly given and granted in this title.\n