N.Y. Public Authorities Law § 1599-c*3: Purpose and powers of the authority

* § 1599-c. 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 in the name of the city by purchase or condemnation, and

use necessary real property. All real property acquired by the authority

by condemnation shall be acquired in the manner provided in the

condemnation 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, 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 appoint an attorney, the Corporation Counsel and to fix his

compensation;

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

necessary or convenient;

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

necessary;

11. To reconstruct, improve, maintain and operate the projects;

12. 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, or an individual, by bequest or otherwise, and to

expend the proceeds for any purposes of the authority;

13. 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;

14. 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, including the air space

and air rights over such premises or portions thereof and and

sub-surface areas or portions thereof; provided further that the

location of sites of the projects shall be subject to the prior advice

of the planning commission of the city.

* NB Authority ceased to exist 07/01/1974

* NB There are 4 § 1599-c's