Section 1385. Contracts; manner of letting

Where  the  expense of the
  construction of a project, of a part thereof, or an addition, betterment
  or extension to the port  facilities,  or  the  purchase  of  materials,
  supplies  and  equipment  involves  an  expense  exceeding  two thousand
  dollars, the authority shall advertise for  bids  and  shall  award  the
  contract to the lowest responsible bidder fully complying with the plans
  and specifications. Such advertisement shall be published once, not less
  than  one  week  prior to the date fixed for the opening of bids, in one
  newspaper having a general circulation in the city  of  Ogdensburg.  The
  authority  may make rules and regulations for the submission of bids and
  award of contract thereon and may provide in such rules and  regulations
  that  no  performance,  bond  or  undertaking  need  be furnished by the
  contractor for the purchase of materials, supplies and equipment  in  an
  amount not exceeding two thousand dollars.  No contract shall be entered
  into  for  the  construction  of  a  project, or part thereof, or for an
  addition, betterment or extension to the facilities or for the  purchase
  of materials, supplies and equipment in an amount exceeding two thousand
  dollars   unless  the  contractor  shall  give  an  undertaking  with  a
  sufficient surety or sureties approved  by  the  authority  and  in  the
  amount  fixed  by  the  authority  for  the  faithful performance of the
  contract. As to a  contract  entered  into  for  the  construction,  the
  undertaking  shall  provide,  among  other  things,  that  the person or
  corporation entering into such a contract will  pay  for  all  materials
  furnished  and  services rendered in the performance of the contract and
  that a person or corporation furnishing such materials or rendering such
  services may maintain an action to recover  for  the  same  against  the
  obligor  in  the  undertaking  as though such person or corporation were
  named therein, provided the action is brought within one year after  the
  time  the cause of action accrued. In case of public emergency involving
  accident or other damage by which  the  port  facilities,  or  any  part
  thereof,  shall  become  disabled, the authority may cause all necessary
  repairs thereto to  be  made  without  advertisement,  bidding  and  the
  letting of a formal contract therefor.