Section 1943. Powers of the authority

Except as otherwise limited by this
  title, 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 borrow money and issue bonds, notes or other obligations for its
  corporate purposes and to provide for the rights of the holders thereof.
    4. To enter into contracts and to execute all instruments necessary or
  convenient or desirable for the purposes of the authority to  carry  out
  any powers expressly given to it in this title.
    5. To acquire by purchase, gift, grant, transfer, contract or lease or
  by  condemnation  pursuant to the eminent domain procedure law, lease as
  lessee, hold, and use any property,  real,  personal  or  mixed  or  any
  interest  therein  constituting  or  for  use  in  connection  with  the
  auditorium, as the authority may deem necessary, convenient or desirable
  to carry out the purpose of this title and, subject to  any  limitations
  in  any agreement entered into pursuant to this title, to sell, lease as
  lessor, transfer or otherwise dispose of any such property  or  interest
  therein.  In  connection  with the acquisition of any such property, the
  authority may assume any obligations of the owner of such property  and,
  to  the  extent  required  by  the  terms  of  any  indentures  or other
  instruments under which such obligations were issued, the authority  may
  assume  and  agree  to  perform  covenants  and observe the restrictions
  contained in such instruments; and furthermore the owner of any property
  which the authority is authorized to acquire  is  hereby  authorized  to
  sell  or  otherwise  transfer  the  same to the authority, whereupon the
  authority shall become charged with the performance of all public duties
  with respect to such property with which such owner was charged and such
  owner shall become discharged from the performance thereof.
    6. To develop, construct, operate, maintain and manage or contract for
  the operation, maintenance or management  of,  or  for  services  to  be
  performed  in  connection  with, the auditorium; to allow the use of the
  auditorium for the conduct of professional and amateur athletic  events,
  entertainment,  cultural  and  artistic events and, or, civic events and
  activities related thereto; and to  rent  parts  thereof  and  to  grant
  concessions,  all  on  such  terms  and  conditions as the authority may
  determine.
    7. To apply to the appropriate agencies and officials of the  federal,
  state  and  local governments for such licenses, permits or approvals of
  its plans as it may deem necessary or advisable, and upon such terms and
  conditions as it may deem appropriate, and to accept, in its discretion,
  such licenses, permits or approvals as may be tendered  to  it  by  such
  agencies and officials.
    8.  To  appoint  such  officers  and employees as are required for the
  performance of its duties, to fix and  determine  their  qualifications,
  duties  and  compensation,  and  to  retain or employ counsel, auditors,
  engineers and private consultants on a contract basis or  otherwise  for
  rendering professional or technical services and advice.
    9.  To  make  plans and studies necessary, convenient or desirable for
  the effectuation of the purposes and powers  of  the  authority  and  to
  prepare recommendations in regard thereto.
    10.  To  enter  upon  such lands or premises as in the judgment of the
  authority  shall  be  necessary  for  the  purpose  of  making  surveys,
  sounding,  boring  and examinations to accomplish any purpose authorized
  by this title, the authority being liable only for actual damage done.
    11. To apply for and to accept any gifts or grants or loans  of  funds
  or  property  or  financial  or  other  aid in any form from the federal
  government or any agency or instrumentality thereof, or from  the  state
  or  any  agency or instrumentality thereof or from any other source, for

  any or all of the purposes specified  in  this  title,  and  to  comply,
  subject  to  the provisions of this title, with the terms and conditions
  thereof.
    12.  To make and amend by-laws for its organization and management and
  regulation of its  affairs  and  rules  and  regulations  governing  the
  exercise  of  its  powers and the fulfillment of its purposes under this
  title. A copy of such rules, regulations and by-laws, and all amendments
  thereto, duly certified by the secretary of the authority shall be filed
  in the office of the county clerk.
    13. To enter into cooperative agreements with other authorities,  with
  municipalities,  individuals,  or  corporations,  within  or without the
  service area, for any lawful purposes necessary or desirable  to  effect
  the  purposes  of  this  title  upon  such  terms  and conditions as the
  authority shall be determined to be reasonable.
    14. With the consent of the chief executive officer of  municipalities
  within  the  service  area,  to  use  officers  and  employees  of  such
  municipalities and to pay a proper portion of compensation or costs  for
  the services of such officers or employees.
    15.  To  establish,  fix, revise, charge, collect and enforce fees and
  charges for the use of the auditorium so as to provide  revenues  which,
  together  with  other  earnings  of the auditorium, if any, are at least
  sufficient at all times to pay,  as  the  same  shall  become  due,  the
  expense of operating and maintaining the auditorium together with proper
  reserves  for  maintenance,  contingencies and all other obligations and
  indebtedness of the authority.
    16. To pledge its revenues and mortgage any or all of  its  properties
  to secure the obligations of the authority.
    17.  To  establish  and  maintain  such  reserves,  special  funds and
  accounts, to be held in trust or otherwise, as may be  required  by  any
  agreement with bondholders and, or, any municipality.
    18.  For  the purposes of article fifteen-A of the executive law only,
  the authority shall be deemed a state agency as that  term  is  used  in
  such  article,  and its contracts for procurement, design, construction,
  services, and materials shall  be  deemed  state  contracts  within  the
  meaning of that term as set forth in such article.
    19.  To  do all things necessary, convenient or desirable to carry out
  its purposes and for the exercise of the powers granted in this title.