N.Y. Public Authorities Law § 1599-d*4: Purpose and powers of the authority

* § 1599-d. Purpose and powers of the authority. The purpose of the

authority shall be to provide, construct, operate and maintain, or any

combination thereof, one or more projects in the city. To carry out said

purpose, the authority shall have the 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 acquisition of real property by the

exercise of the power of eminant domain;

4. To acquire in the name of the authority by purchase, eminant domain

or gift, and use necessary real property. All real property acquired by

the authority by eminant domain shall be acquired in the manner provided

in the eminent domain procedure law or in the manner provided by law for

the acquisition of land through eminant domain by the city;

5. To determine its fiscal year, and 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 employees and such clerical,

engineering and other professional assistants and consultants as it may

deem necessary for the purposes of this title 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, and to fix his compensation;

9. To borrow money, make contracts and leases, and to execute all

instruments necessary or convenient;

10. To acquire, construct, reconstruct, improve, equip and furnish any

project as may be necessary and convenient;

11. To maintain and operate the projects;

12. To apply for and to accept gifts or grants or contributions or

loans of funds or property or financial or other aid in any form from

the United States, the state of New York, or any agency or

instrumentality thereof, or the city, or an individual, by bequest or

otherwise, or from any other source, and to expend the proceeds for any

purposes specified in this title, and to comply, subject to the

provisions of this title, with the terms and conditions thereof;

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

the projects or any of them and to pledge the same, all 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, and grant concessions,

all on such terms and conditions as it may determine;

15. To do whatever may be necessary to give effect to the purposes of

this title, and in general to have and exercise all other powers

necessary or incidental to the purposes of this title.

* NB Authority ceased to exist 08/05/2002

* NB There are 4 § 1599-d's