N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 432: Powers of the fund

§ 432. Powers of the fund. The fund shall have power:

1. To sue and be sued.

2. To have a seal and to alter the seal at its pleasure.

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

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

purposes.

5. To appoint officers, agents and employees, to prescribe their

qualifications and to fix their compensation.

6. To perform such other acts and engage in such other activities as

may be necessary and proper for exercising its powers and performing its

duties under this article.