N.Y. Public Authorities Law § 1428: Purpose and powers of the authority

§ 1428. Purpose and powers of the authority. The purpose of the

authority shall be to construct, operate and maintain one or more

projects in the city. To carry out said purpose, the authority shall

have power:

1. To sue and be sued;

2. To have a seal and alter the same at pleasure;

3. To acquire, hold and dispose of personal property for its corporate

purposes, including the power to purchase prospective or tentative

awards in connection with the condemnation of real property;

4. To acquire by purchase, grant, lease, gift, condemnation or

otherwise, and use real property necessary or convenient for its

corporate purposes and to sell, convey, mortgage, lease, pledge,

exchange, or otherwise dispose of such property in such manner as the

authority may determine; provided that the location of the site of any

project shall be subject to the prior approval of the planning board of

the city. All real property acquired by the authority by condemnation

shall be acquired in the manner provided in the eminent domain procedure

law or in the manner provided by law for the condemnation of land by the

city;

5. To make by-laws for the management and regulation of its affairs,

and, subject to agreements with bondholders, for the regulation of the

project;

6. With the consent of the city to use agents, employees, and

facilities of the city, including the corporation counsel, paying to the

city its agreed proportion of the compensation or costs;

7. To appoint officers, agents and employees, to prescribe their

qualifications and to fix their compensation; subject, however, to the

provisions of the civil service law, as hereinafter provided;

8. To make contracts and leases, and to execute all instruments

necessary or convenient;

9. To construct such buildings, structures and facilities as may be

necessary or convenient;

10. To construct, develop, maintain and operate the projects and to

contract in relation thereto with the city and with other persons, and

to sell, lease or otherwise dispose of any project or part thereof to

any person, provided such person shall undertake to operate and maintain

any project or part thereof subject to such conditions and limitations

as the authority may determine to be in the public interest and

consistent with its public purposes;

11. To accept grants, loans or contributions from the United States,

the state of New York, or any agency or instrumentality of either of

them, or the city, and to expend the proceeds for any purposes of the

authority;

12. To fix and collect rentals, fees and other charges for the use of

the projects or any of them subject to and in accordance with such

agreements with bondholders as may be made as hereinafter provided;

13. To construct, operate or maintain in the projects all facilities

necessary or convenient in connection therewith; and to contract for the

construction, operation or maintenance of any parts thereof or for

services to be performed; to rent parts thereof, and grant concessions,

all on such terms and conditions as it may determine.

14. To enter into agreements with one or more financing agencies to

provide for the acceptance by the authority of credit cards as a means

of payment of rentals, rates, fees and other charges owed by a person to

the authority. Any such agreement shall govern the terms and conditions

upon which a credit card proffered as means of payment of a fee, rate,

rent or other charge shall be accepted or declined and the manner in and

conditions upon which the financing agency shall pay to the authority

the amount of fees, rates, rents or other charges paid by means of a

credit card pursuant to such agreement. Any such agreement may provide

for the payment by the authority to such financing agency of fees for

the services provided by such financing agency pursuant to such

agreement, which fees may consist of a discount deducted from or payable

in respect to the amount of such fee, rate, rent or other charge or

otherwise as the agreement may provide. If the authority has entered

into an agreement pursuant to this subdivision, it may accept credit

cards as a means of payment of fees, rates, rents or other charges, as

provided in any such agreement and may pay such fees as are specified in

such agreement to such financing agency thereunder. The authority may

promulgate any rules or regulations necessary to carry out the

provisions of this subdivision. For the purposes of this subdivision,

the terms "credit card," "financing agency" and "person" shall have the

same meaning as provided in subdivision (a) of section five of the

general municipal law.