§ 3605. General powers of the corporation. Except as limited by this\ntitle, the public health law, the mental hygiene law, the social\nservices law, the education law or any other applicable law or\nregulation, the corporation 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, or to refund the same, and to provide for the rights of\nthe 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.
(a)to acquire by purchase, grant, lease, gift,
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§ 3605. General powers of the corporation. Except as limited by this\ntitle, the public health law, the mental hygiene law, the social\nservices law, the education law or any other applicable law or\nregulation, the corporation 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, or to refund the same, and to provide for the rights of\nthe 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. (a) to acquire by purchase, grant, lease, gift, or otherwise and to\nhold and use property necessary, convenient or desirable to carry out\nits corporate purposes, and to sell, convey, mortgage, lease, pledge,\nexchange or otherwise dispose of any such property in such manner as the\ncorporation shall determine;\n (b) to acquire by condemnation pursuant to the provisions of the\neminent domain procedures law any real property within the towns\nrequired by the corporation to carry out the powers granted by this\ntitle with the approval of both of the governing boards of the towns;\n 6. to acquire, construct, lease, expand, improve, maintain, equip,\nfurnish, operate one or more projects and, if necessary, to pay or\nfinance the cost thereof;\n 7. to accept gifts, grants, loans or contributions of funds or\nproperty or financial or other aid in any form from, and enter into\ncontracts or other transactions with, the federal government, the state\nor any public corporation or any other source, and to use any such\ngifts, grants, loans or contributions for any of its corporate purposes;\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\ncorporation 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 and to execute all instruments necessary\nor convenient or desirable for the purposes of the corporation to carry\nout any powers expressly given to it in this title;\n 12. to appoint such officers, employees and agents as the corporation\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 to retain or employ counsel, auditors,\nengineers and private consultants on a contract basis or otherwise for\nrendering professional, management or technical services and advice;\n 13. to use employees, agents, consultants and facilities of the towns,\npaying such towns their agreed proportion of the compensation or costs\npursuant to an agreement with the towns;\n 14. to make and adopt plans, surveys and studies necessary, convenient\nor desirable to the effectuation of the purposes and powers of the\ncorporation and to prepare recommendations in regard thereto;\n 15. except as limited by state law or regulation, to fix and collect\nrates, rentals, fees and other charges for the services rendered by or\nfor use of the facilities or in the exercise of the powers of the\ncorporation;\n 16. to enter upon such lands, waters or premises as in the judgment of\nthe corporation may be necessary, convenient or desirable for the\npurpose of making surveys, soundings, borings and examinations to\naccomplish any purpose authorized by this title, the corporation being\nliable for actual damage done;\n 17. the corporation may covenant and consent that the interest on any\nof its bonds or notes issued pursuant to this title shall be includable,\nunder the United States Internal Revenue Code of 1986, as amended (the\n"code") or any subsequent corresponding internal revenue law of the\nUnited States, in gross income of the holders of the bonds or notes to\nthe same extent and in the same manner that the interest on bills,\nbonds, notes or other obligations of the United States is includable in\nthe gross income of the holders thereof under the code or any such\nsubsequent law;\n 18. to insure or otherwise to provide for the insurance of the\ncorporation's property or operations and also contract against such\nother risks as the corporation may deem advisable; and\n 19. to do all things necessary, convenient or desirable, including\nancillary and incidental activities, to carry out its purposes and for\nthe exercise of the powers granted in this title.\n