N.Y. Public Authorities Law § 2504: General powers of the authority

* § 2504. General powers of the authority. In the exercise of the

powers conferred and the performance of duties imposed upon the

authority and subject to limitations contained elsewhere in this title,

the authority shall have the following general powers:

1. To sue and be sued;

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

3. To make and alter by-laws for the management and regulations of its

affairs and subject to agreements with bondholders for the regulation of

any sports facility;

4. To make and execute contracts and all other instruments, including

leases, subleases and evidences of indebtedness necessary or convenient

to accomplish its corporate purposes;

5. To prescribe a system of accounts for the authority;

6. To purchase, receive, take by gift, grant, devise, bequest or

otherwise, lease, accept jurisdiction over or otherwise acquire, own,

hold, manage, operate, improve, employ, use and otherwise deal in and

with, real or personal property, necessary or convenient for its

corporate purposes;

7. To sell or otherwise dispose of personal property held in its

corporate name;

8. Subject to the approval of the mayor, to execute and deliver deeds

for real property held in its corporate name and to transfer, lease,

sublease or otherwise dispose of or make available real property upon

such terms as shall be agreed upon;

9. To accept grants, loans, contributions, subsidies or other forms of

financial assistance from the United States, the state or the city, or

any agency or instrumentality thereof, and from any other source, and to

use same or expend the proceeds thereof for its corporate purposes;

10. 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;

11. 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;

12. To engage the services of construction, engineering,

architectural, legal, financial or other consultants surveyors and

appraisors, necessary or convenient for its corporate purposes, on a

contract basis or as employees, for professional service and technical

assistance and advice;

13. To construct, reconstruct, improve, maintain, or operate or cause

to be constructed, reconstructed, improved, maintained or operated such

buildings, structures, parking and other facilities as may be necessary

or convenient;

14. To fix and collect rents, rates, fees and other charges for

service rendered by the authority or for the use of its property;

15. To procure such insurance as the authority deems necessary;

16. With the consent of the mayor to form or cause to be formed,

subsidiary corporations pursuant to any general law of the state

necessary or convenient for its corporate purposes;

17. To undertake planning, design and feasibility studies in

accordance with the terms and conditions of any agreement with the city;

or, subject to the approval of the mayor in accordance with the terms

and conditions of any agreement to which the city is not a party;

18. To enter into agreements with the city and the state and the

United States, or any agency or instrumentality thereof, individual,

firm or corporation for any lawful purpose necessary or convenient for

its corporate purposes; and

19. To do all things necessary or convenient for its corporate

purposes.

* NB (Discontinued-Board of Directors never appointed)