Section 153-B. Further additional powers of the authority

The authority
  shall have the power,  in  addition  to  the  powers  granted  in  other
  sections of this title:
    1.  To  construct  an  extension of Meadowbrook state parkway from the
  Southern state parkway to the Northern  state  parkway  with  incidental
  roads,  structures,  facilities and bridges and to maintain, reconstruct
  and operate such extension;
    2.  To  reconstruct,  widen  and  otherwise  improve  and   thereafter
  maintain,  reconstruct  and operate (a) Southern state parkway, together
  with  incidental  parkway   facilities   now   existing   or   hereafter
  constructed,  on and along said parkway, from and including a connection
  with the Belt parkway to Wantagh avenue and to acquire real property and
  rights therein for future widening of  Southern  state  parkway  between
  Wantagh   avenue  and  the  easterly  boundary  of  Nassau  county,  (b)
  Meadowbrook state parkway  from  Merrick  road  to  the  Southern  state
  parkway, and (c) Wantagh state parkway from Merrick road to the Southern
  state parkway;
    3.  To  construct,  reconstruct,  improve  and thereafter maintain and
  operate  facilities  such  as  gasoline,  comfort,  repair  and  storage
  stations  and  other similar facilities along the route of the extension
  of Meadowbrook state parkway  referred  to  in  paragraph  one  of  this
  section  and  the  parts of the parkways referred to in paragraph two of
  this section, to contract for such construction, and to lease the  right
  to  construct  and  use  such  facilities  on  such  terms  and for such
  consideration as it shall determine, provided, however, that no lease be
  made for a period of more than ten years from the date when it is made;
    4. To  construct  and  maintain  over,  under,  along  or  across  the
  extension  of  Meadowbrook state parkway referred to in paragraph one of
  this section and the parts of the parkways referred to in paragraph  two
  of  this section, telephone, telegraph or electric wires and cables, gas
  mains, water mains, and other mechanical equipment not inconsistent with
  park or parkway purposes; to contract for such construction and to lease
  the right to construct and/or use the same on such terms  and  for  such
  consideration  as  it  shall determine, provided, however, that no lease
  shall be made for a period of more than ten years from the date when  it
  is  made.  The authority shall also have power to grant, with respect to
  any real property under its jurisdiction, on such terms  and  conditions
  and  under such regulations and restrictions as the authority shall deem
  just and proper, licenses or easements to any governmental agency of the
  state of New York or to any municipal corporation,  public  district  or
  governmental  agency  thereof, or to the United States of America or any
  governmental agency thereof for any  public  purposes  and  in  addition
  thereto may grant licenses or easements to individuals, partnerships and
  corporations  for  drainage  facilities,  sewers,  water  and gas mains,
  electric and telephone conduits, and railroad facilities. The  authority
  shall also have power to sell, exchange or otherwise dispose of any real
  property  or  interest  therein  acquired at the cost and expense of the
  authority pursuant to the exercise of the powers granted by section  one
  hundred  fifty-eight-b  of  this  title  which  is not necessary for its
  corporate purposes or whenever the board shall determine that it  is  in
  the  interest  of  the authority to do so. The proceeds of any such sale
  shall be paid to the authority and applied to its corporate purpose.
    5. To charge tolls for the use of the part of Southern  state  parkway
  improved  by  the  authority  subject  to  and  in  accordance  with any
  agreements with bondholders made as hereinafter provided. The toll shall
  be ten cents unless the revenues from such tolls and the income from the
  facilities authorized by the foregoing provisions of  this  section  are
  insufficient  to  meet all obligations of such agreements and to pay the

  costs of operating and maintaining the parkways and facilities  operated
  and  maintained by the authority pursuant to the foregoing provisions of
  this section. The revenue from such  tolls  and  the  income  from  such
  facilities  shall  be  used only to meet such obligations and to pay the
  cost of constructing, reconstructing,  operating  and  maintaining  such
  parkways and facilities;
    6.  To  pledge the tolls from the Southern state parkway and any other
  revenues from the parkways operated  and  maintained  by  the  authority
  pursuant to this section;
    7.  From time to time to issue bonds in the aggregate principal amount
  of forty million dollars for any or all of the  following  purposes  and
  purposes  incidental  thereto:  (a)  purposes  authorized by section one
  hundred  fifty-three-b;  (b)  reconstructing,  widening  and   otherwise
  improving  Meadowbrook  parkway  from  Merrick road to Jones Beach state
  park, Wantagh parkway from Merrick road to Jones Beach  state  park  and
  Loop  parkway;  (c)  constructing additional parking facilities on Jones
  Beach at a total cost of not exceeding one  million  two  hundred  fifty
  thousand  dollars;  and  (d)  the  payment  of  all  costs  and expenses
  incidental to the issuance of  such  bonds,  including  interest  during
  construction.  Such  bonds  shall mature not later than forty years from
  January first, nineteen hundred fifty-four, and the authority shall  not
  have  power  to  refund  the issuance of such bonds. The authority shall
  have power to employ financial advisors in connection with the  issuance
  of  such  bonds.  No revenues or moneys of the authority, other than the
  tolls and other  revenues  from  the  Southern  state  parkway  and  the
  proceeds  from  the  sale of the bonds, shall be pledged for or shall be
  applicable to the payment of such bonds.  All  the  provisions  of  this
  title  relating  to bonds which are not inconsistent with the provisions
  of this section, shall apply to the bonds  authorized  by  this  section
  except section one hundred fifty-eight and subdivisions two and three of
  section  one  hundred fifty-eight-a. The authority also shall have power
  from time to time in anticipation of the issuance of bonds  pursuant  to
  this section to borrow money on bank loans and to evidence such loans by
  notes  or  otherwise.  Such loans and notes shall be subject to the same
  provisions of this title as relates to bonds  issued  pursuant  to  this
  section;
    8. Bonds issued pursuant to this section shall be sold at public sale,
  upon sealed bids publicly opened and read, to the bidder who shall offer
  the  lowest interest cost to the authority, or if the authority shall so
  determine, at the highest price. The notice of sale shall  be  published
  at  least once, not less than seven nor more than thirty days before the
  date of sale, in a financial newspaper published and circulated  in  the
  city  of New York. Such notice shall contain a statement of the time and
  place where all bids received  in  pursuance  of  such  notice  will  be
  publicly  opened and read. Such bonds shall be sold for a price not less
  than ninety-eight per centum of the  par  value  thereof,  plus  accrued
  interest. The provisions of this subdivision shall not apply to notes of
  the authority issued pursuant to subdivision seven of this section;
    9.   Notwithstanding  and  in  addition  to  any  provisions  for  the
  redemption of bonds  issued  pursuant  to  this  section  which  may  be
  contained  in  any contract with the holders of such bonds, the state of
  New York may, upon furnishing sufficient  funds  therefor,  require  the
  authority  to  redeem,  prior to maturity, as a whole, any issue of such
  bonds on any interest payment date not less than five  years  after  the
  date  of the bonds of such issue at one hundred five per centum of their
  face value and accrued interest or at such lower redemption price as may
  be provided in the bonds in case of the redemption thereof as a whole on
  the redemption date. Notice of such redemption  shall  be  published  at

  least  twice  in  at  least  two  newspapers  published  and  circulated
  respectively in the county of Nassau and city of  New  York,  the  first
  publication to be at least thirty days before the date of redemption;
    10.  The  authority  shall  have  the right to possess and use for its
  corporate purposes the extension of Meadowbrook state  parkway  referred
  to  in  paragraph  one  of  this  section  and the parts of the parkways
  referred to in paragraph two of this section,  together  with  necessary
  facilities  now  existing  or  hereafter  constructed  on  or along said
  parkways. Policing of the parkways and other facilities of the authority
  shall continue to be the responsibility of the force of  park  patrolmen
  under  the  direction  of the commission. Such possession and use by the
  authority shall continue until its liabilities  for  such  parkways  and
  facilities  have  been met and the bonds authorized by this section have
  been paid in full or such liabilities having otherwise been  discharged.
  Thereafter  such  parkways  and  facilities  shall pass to the state and
  become subject to the jurisdiction of the commission;
    11. All contracts  involving  payments  of  more  than  five  thousand
  dollars,  except  for  professional or financial advisory services or in
  connection with the issuance of bonds or notes,  shall  be  let  to  the
  lowest  responsible  bidder  by  sealed  proposals publicly opened after
  public notice published at least once  in  the  official  newspapers  of
  Nassau  county,  at  least  ten  days  prior  to the day on which sealed
  proposals are to be opened; provided, however, the authority may  reject
  any  and  all  proposals  and  may  advertise for new proposals as above
  provided if in its opinion the best  interests  of  the  authority  will
  thereby be promoted.
    * NB (Authority abolished June 30, 1978)