Section 1599-D. Purpose and powers of the authority

The purpose of the
  authority shall be to provide, construct, operate and maintain,  or  any
  combination thereof, one or more projects in the city. To carry out said
  purpose, the authority shall have the 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  acquisition  of  real  property  by  the
  exercise of the power of eminant domain;
    4. To acquire in the name of the authority by purchase, eminant domain
  or  gift, and use necessary real property. All real property acquired by
  the authority by eminant domain shall be acquired in the manner provided
  in the eminent domain procedure law or in the manner provided by law for
  the acquisition of land through eminant domain by the city;
    5. To  determine  its  fiscal  year,  and  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  employees   and   such   clerical,
  engineering  and other professional assistants and consultants as it may
  deem necessary for  the  purposes  of  this  title  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, and to fix his compensation;
    9. To borrow money, make contracts and  leases,  and  to  execute  all
  instruments necessary or convenient;
    10. To acquire, construct, reconstruct, improve, equip and furnish any
  project as may be necessary and convenient;
    11. To maintain and operate the projects;
    12.  To  apply  for  and to accept gifts or grants or contributions or
  loans of funds or property or financial or other aid in  any  form  from
  the   United   States,   the  state  of  New  York,  or  any  agency  or
  instrumentality thereof, or the city, or an individual,  by  bequest  or
  otherwise,  or from any other source, and to expend the proceeds for any
  purposes specified  in  this  title,  and  to  comply,  subject  to  the
  provisions of this title, with the terms and conditions thereof;
    13.  To fix and collect rentals, fees and other charges for the use of
  the projects or any of them and to pledge the same, all 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;
    15.  To do whatever may be necessary to give effect to the purposes of
  this title, and in  general  to  have  and  exercise  all  other  powers
  necessary or incidental to the purposes of this title.
    * NB Authority ceased to exist 08/05/2002
    * NB There are 4 § 1599-d's