Section 1599-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  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, 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, and grant  concessions,
  all  on such terms and conditions as it may determine; provided however,
  that neither the authority, the city of Cohoes  or  any  agency  of  the
  authority  or  city,  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 title, and 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 terminated 07/01/1974
    * NB There are 4 § 1599-d's