N.Y. Public Authorities Law § 2490-d: Purposes and powers of the authority

§ 2490-d. Purposes and powers of the authority. The purposes of the

authority shall be to construct, operate and maintain the project

consisting of the Saratoga Springs city center authority and facilities

in connection therewith. To carry out the purposes the authority shall

have power:

1. To sue and be sued;

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

purposes;

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

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

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

project;

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

facilities of the city, paying to the city its agreed portion of the

compensation or costs;

6. To appoint officers, agents and employees; and to describe their

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

provisions of the civil service law as hereinafter provided;

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

necessary or convenient;

8. To construct such buildings, structures, parking and other

facilities as may be necessary or convenient;

9. To reconstruct, improve, maintain and operate the project;

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

project subject to and in accordance with such agreements with

bondholders as may be hereinafter provided;

11. To contract for the services of architects, engineers, lawyers,

financial and other professional advisers and to fix their compensation;

12. To construct, operate and maintain the project; to contract for

the construction, operation and maintenance of any part thereof, or for

services to be performed in connection therewith; to rent part thereof,

and to grant concessions, all on such terms and conditions as it may

determine; provided, however, that the location of the site of the

project and the plans thereof shall be subject to the prior approval of

the city council.