N.Y. Public Authorities Law § 3305: General powers of the corporation

§ 3305. General powers of the corporation. Except as limited by this

title, the public health law, the mental hygiene law, the social

services law, the education law or any other applicable law or

regulation, the corporation shall have power:

1. to sue and be sued;

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

3. to borrow money and issue bonds for any of its corporate purposes

or its projects, or to refund the same, and to provide for the rights of

the holders thereof;

4. to make and alter by-laws for its organization and management, and,

subject to agreements with its bondholders, to make and alter rules and

regulations governing the exercise of its powers and the fulfillment of

its purposes under this title;

5. (a) to acquire by purchase, grant, lease, gift, or otherwise and to

hold and use property necessary, convenient or desirable to carry out

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

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

corporation shall determine;

(b) to acquire by condemnation pursuant to the provisions of the

eminent domain procedures law any real property within Westchester

county required by the corporation to carry out the powers granted by

this title with the approval of both the county board of legislators and

the county executive;

6. to acquire, construct, lease, expand, improve, maintain, equip,

furnish, operate one or more projects and, if necessary, to pay or

finance the cost thereof;

7. to accept gifts, grants, loans or contributions of funds or

property or financial or other aid in any form from, and enter into

contracts or other transactions with, the federal government, the state

or any public corporation or any other source, and to use any such

gifts, grants, loans or contributions for any of its corporate purposes;

8. to grant options to renew any lease with respect to any project or

projects and to grant options to buy any project at such price as the

corporation may deem desirable;

9. to designate the depositories of its money;

10. to establish its fiscal year;

11. to enter into contracts and to execute all instruments necessary

or convenient or desirable for the purposes of the corporation to carry

out any powers expressly given to it in this title;

12. to appoint such officers, employees and agents as the corporation

may require for the performance of its duties and to fix and determine

their qualifications, duties, and compensation subject to the provisions

of the civil service law and any applicable collective bargaining

agreement, and to retain or employ counsel, auditors, engineers and

private consultants on a contract basis or otherwise for rendering

professional, management or technical services and advice;

13. to use employees, agents, consultants and facilities of the

county, paying the county its agreed proportion of the compensation or

costs pursuant to an agreement with the county;

14. to make and adopt plans, surveys and studies necessary, convenient

or desirable to the effectuation of the purposes and powers of the

corporation and to prepare recommendations in regard thereto;

15. except as limited by state law or regulation, to fix and collect

rates, rentals, fees and other charges for the services rendered by or

for use of the facilities or in the exercise of the powers of the

corporation;

16. to enter upon such lands, waters or premises as in the judgment of

the corporation may be necessary, convenient or desirable for the

purpose of making surveys, soundings, borings and examinations to

accomplish any purpose authorized by this title, the corporation being

liable for actual damage done;

17. the corporation may covenant and consent that the interest on any

of its bonds or notes issued pursuant to this title shall be includable,

under the United States Internal Revenue Code of 1986, as amended (the

"code") or any subsequent corresponding internal revenue law of the

United States, in gross income of the holders of the bonds or notes to

the same extent and in the same manner that the interest on bills,

bonds, notes or other obligations of the United States is includable in

the gross income of the holders thereof under the code or any such

subsequent law;

18. to insure or otherwise to provide for the insurance of the

corporation's property or operations and also contract against such

other risks as the corporation may deem advisable, including the

interest rate risk for obligations it issues bearing interest at a

floating or otherwise adjustable rate which prevents the actual rate

over the term of the debt from being ascertained at the date of its

incurrence, and including the power to make any payments with respect

thereto; and

19. to do all things necessary, convenient or desirable, including

ancillary and incidental activities, to carry out its purposes and for

the exercise of the powers granted in this title.