Section 1595-D. Purpose and powers of the authority

The purpose of the
  authority shall be to  construct,  operate  and  maintain  one  or  more
  projects  in the village. To carry out said purpose, the authority shall
  have power:
    1. To sue and be sued;
    2. To have a seal and alter the same at pleasure;
    3. To acquire, hold and dispose of personal property for its corporate
  purposes, including the  power  to  purchase  prospective  or  tentative
  awards in connection with the condemnation of real property;
    4.  To acquire in the name of the village by purchase or condemnation,
  and use  necessary  or  convenient  real  property.  All  real  property
  acquired  by  the  authority  by  condemnation  shall be acquired in the
  manner provided in the condemnation law or in the manner provided by law
  for the condemnation of land by the village;
    5. To make by-laws for the management and regulation of  its  affairs,
  and,  subject  to agreements with bondholders, for the regulation of the
  project;
    6. With the consent of the  village  to  use  agents,  employees,  and
  facilities  of  the village, paying to the village its agreed proportion
  of the compensation or costs;
    7. To appoint officers,  agents  and  employees,  to  prescribe  their
  qualifications  and  to fix their compensation; subject, however, to the
  provisions of the civil service law, as hereinafter provided;
    8. To appoint an attorney, who may be the corporation counsel, and  to
  fix his compensation;
    9.  To  make  contracts  and  leases,  and  to execute all instruments
  necessary or convenient;
    10. To construct such buildings, structures and facilities as  may  be
  necessary;
    11. To reconstruct, improve, maintain and operate the projects;
    12.  To  accept grants, loans or contributions from the United States,
  the state of New York, or any agency or  instrumentality  of  either  of
  them,  or the village, or an individual, by bequest or otherwise, and to
  expend the proceeds for any purposes of the authority;
    13. To fix and collect rentals, fees and other charges for the use  of
  the  projects  or  any  of  them  subject to and in accordance with such
  agreements with bondholders as may be made as hereinafter provided;
    14. To construct, operate or maintain in the projects  all  facilities
  necessary or convenient in connection therewith; and to contract for the
  construction,  operation  or  maintenance  of  any  parts thereof or for
  services to be performed; to rent parts thereof, and grant  concessions,
  all on such terms and conditions as it may determine; provided, however,
  that  neither  the authority, the village of Owego, or any agency of the
  authority or village, or any other person, firm  or  corporation  shall,
  within or on any property comprising a part of any project authorized by
  this  title,  sell,  dispense or otherwise handle any product used in or
  for the servicing of any motor vehicle using  any  project  or  facility
  authorized by this section; provided further, that the location of sites
  of  the  projects shall be subject to the prior approval of the board of
  trustees of the village.