Section 1599-C. Purpose and powers of the authority

The purpose of the
  authority shall be to  construct,  operate  and  maintain  one  or  more
  projects  in  the  city.  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 city by purchase or condemnation, and
  use necessary 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 city;
    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  city  to  use  agents,  employees and
  facilities of the city, paying to the city 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,  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 city, 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, including the air space
  and   air  rights  over  such  premises  or  portions  thereof  and  and
  sub-surface  areas  or  portions  thereof;  provided  further  that  the
  location  of  sites of the projects shall be subject to the prior advice
  of the planning commission of the city.
    * NB Authority ceased to exist 07/01/1974
    * NB There are 4 § 1599-c's