Section 3605. 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  the  towns
  required  by  the  corporation  to  carry out the powers granted by this
  title with the approval of both of the governing boards of the towns;
    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 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 towns,
  paying such towns their agreed proportion of the compensation  or  costs
  pursuant to an agreement with the towns;
    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; 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.