Section 2675-E. General purposes and powers of the authority

The general
  purposes of the authority shall be to design,  develop,  plan,  finance,
  create,  site,  construct,  renovate,  administer,  operate, manage, and
  maintain the convention facility of the authority.  To  carry  out  such
  purposes the authority shall have the following powers:
    1. To sue and be sued;
    2. To have a seal and alter the same at its pleasure;
    3.  To  acquire  by purchase or condemnation, real property within the
  city of Albany necessary, desirable  or  convenient  for  its  corporate
  purposes  and  hold,  use, develop and dispose of the same in connection
  therewith;
    4. To borrow money and issue bonds of the authority  for  any  of  its
  corporate  purposes, to secure the same with its revenues or other funds
  and otherwise to provide for and  secure  the  payment  thereof  and  to
  provide  for  the  rights  of  holders thereof and to fund or refund the
  same;
    5. To acquire, hold, use and dispose  of  personal  property  for  its
  corporate purposes;
    6.  To  make by-laws for the regulation of its affairs and the conduct
  of its business;
    7. To appoint officers, agents and employees; and  to  describe  their
  qualifications  and  fix  their  compensation  subject,  however, to the
  provisions of the civil service law;
    8. To make  contracts  and  leases  and  to  execute  all  instruments
  necessary or convenient for its corporate purposes;
    9.  To  accept  grants, loans, funding or other contributions from the
  United States, the state of New York,  the  county  of  Albany,  or  any
  agency  or  instrumentality of them, or the city of Albany or any of its
  agencies or instrumentalities,  or  any  privately  endowed  foundation,
  organization   or   individual,   including   gifts,  grants,  loans  or
  contributions of real or personal property and to  expend  the  proceeds
  for any purposes of the authority;
    10.  To  fix  and collect revenues, dues, costs, assessments, rentals,
  fees and other charges for the use of real or personal  property  and/or
  facilities   comprising  the  convention  facility  subject  to  and  in
  accordance with such agreements with bondholders as may be  provided  in
  this title;
    11.   To   contract   for   the  services  of  architects,  engineers,
  consultants, lawyers, financial and other professional  consultants  and
  advisors,  developers,  contractors,  vendors, concessionaires, tenants,
  and/or  convention  facility  users,  occupant  managers   and   service
  providers and to fix their compensation;
    12.  To  design, develop, own, plan, finance, create, site, construct,
  renovate, administer, operate, manage and/or  maintain  such  buildings,
  structures   and  other  improvements  and  facilities  comprising  such
  convention facility;
    13. To designate the depositories of its money;
    14. To establish its fiscal year;
    15. To enter into any lease of or to mortgage any  property,  and  the
  site thereof;
    16. To enter into agreements, in its discretion, to pay annual sums in
  lieu  of  taxes  to the city of Albany, the Albany city school district,
  the Albany public library, the county of Albany, or any other  political
  subdivision or taxing district within the county of Albany in respect of
  any  real  property  which  is owned by the authority and located in any
  such municipality, political subdivision or taxing district;

    17. With the consent  of  the  city,  to  use  agents,  employees  and
  facilities  thereof;  paying  to  the  city  an agreed proportion of the
  compensation or cost thereof; and
    18.  To  do  all  things necessary, convenient or desirable, including
  ancillary and incidental activities, to carry out its purposes  and  for
  the exercise of the powers granted in this title.