Subject to the requirements of Section 5206 of this title, the Oklahoma Space Industry Development Authority is hereby granted, has, and may exercise all powers necessary to carry out and effectuate the purposes of the Oklahoma Space Industry Development Act, including, but not limited to, the following: 1. Sue and be sued by its name in any court of competent jurisdiction; 2. Adopt and use an official seal and alter the same at pleasure; 3. Make and execute any and all contracts and other instruments necessary or convenient to the exercise of its powers; 4. Issue revenue bonds or other obligations as authorized by the provisions of the Oklahoma Space Industry Development Act or any other law, or any combination of the foregoing, to pay all or part of the cost of the acquisition, construction, reconstruction, extension, repair, improvement, maintenance or operation of any project or combination of projects, to provide for any facility, service or other activity of the Authority and to provide for the retirement or refunding of any bonds or obligations of the Authority, or for any combination of the foregoing purposes; 5. Acquire property, real, personal, intangible, tangible, or mixed, in fee simple or any lesser interest or estate, by purchase, gift, devise, or lease, on such terms and conditions as the Authority may deem necessary or desirable, and sell or otherwise dispose of the same and of any of the assets and properties of the Authority; 6. Lease as lessor or lessee to or from any person, public or private, any facilities or property of any nature for the use of the Authority and to carry out any of the purposes of the Authority; 7. Subject to the limitations prescribed by Section 5210 of this title, acquire by condemnation land and such interest therein as may be necessary in its determination for the purpose of establishing, constructing, maintaining, or operating a spaceport; 8. Own, acquire, construct, develop, create, reconstruct, equip, operate, maintain, extend, and improve launch pads, landing areas, ranges, payload assembly buildings, payload processing facilities, laboratories, space business incubators, launch vehicles, payloads, space flight hardware, facilities and equipment for the construction of payloads, space flight hardware, rockets, and other launch vehicles, and spaceport facilities and systems, including educational, recreational, cultural, and other space- related initiatives; 9. Undertake a program of advertising to the public and promoting the businesses, facilities, and attractions within any spaceport territory or at any spaceport and the projects of the Authority, and expend monies and undertake such activities to carry out such advertising and promotional programs as the Board of Directors from time to time may determine; 10. Own, acquire, construct, reconstruct, equip, operate, maintain, extend, and improve transportation facilities appropriate to meet the transportation requirements of the Authority and activities conducted within a spaceport territory; 11. Own, acquire, construct, reconstruct, equip, operate, maintain, collect fees for services provided, extend, and improve public utilities within a spaceport territory, including the following: electric power plants, transmission lines and related facilities, gas mains and facilities of any nature for the production or distribution of natural gas or hydrogen, telephone lines and related plants and systems, other communication systems of any nature including closed-circuit, cable television and computer systems, transmission lines and related facilities and plants, and facilities for the generation and transmission of power; and purchase electric power, natural gas, and other sources of power for distribution within any spaceport territory; 12. Own, acquire, construct, reconstruct, equip, operate, maintain, collect fees for services provided, extend, and improve within any spaceport territory water systems and sewer systems or combined water and sewer systems; regulate the use of sewers, septic tanks and other sanitary structures and appliances, and the supply of water within any spaceport; and regulate the pretreatment of waste and sell or otherwise dispose of the effluent, sludge, or other by-products as a result of sewage treatment; 13. Own, acquire, construct, reconstruct, equip, operate, maintain, collect fees for services provided, extend, and improve waste collection, recycling and disposal systems, and to sell, recycle or otherwise dispose of any effluent, residue or other by- products of such systems consistent with the laws of the state; 14. Adopt a plan of reclamation, and own, acquire, construct, reconstruct, equip, operate, maintain, extend, and improve canals, ditches, drains, dikes, levees, pumps, plants and pumping systems, and other works for drainage purposes, and irrigation works, machinery and plants; 15. Own, acquire, construct, reconstruct, equip, operate, maintain, extend, and improve water and flood control facilities and regulate the supply and level of water within any spaceport territory which may include diverting waters from one area or body of water to another, regulating, controlling or restricting the development and use of natural and artificial streams or bodies of water, lakes or ponds, and taking all measures determined by the Authority to be necessary or desirable to prevent or alleviate land erosion; provided, in exercising any of its powers pertaining to the use, control, or diversion of water, the Authority is subject to all permitting requirements and procedures of the Oklahoma Water Resources Board as set forth by law or by rule of the Board; and 16. Own, acquire, construct, reconstruct, equip, operate, maintain, collect fees for services provided, extend, and improve public safety facilities for any spaceport, including police stations, police vehicles, medical facilities, fire stations, water mains and plugs, fire trucks, and other vehicles and equipment; hire employees, police officers, and fire fighters; and undertake such works and construct such facilities determined by the Board to be necessary or desirable to promote and ensure public safety within any spaceport territory.