Section 2611. Powers of the authority

Except as otherwise may be limited by
  this title, 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, lease, hold and dispose of real and personal property
  or any interest therein for its corporate purposes;
    4. To make  and  alter  by-laws  for  its  organization  and  internal
  management,  and  rules  and  regulations  governing the exercise of its
  powers and the fulfillment of its purposes under this title. Such  rules
  and  regulations  must be filed with the secretary of state and the town
  clerk of North Elba;
    5. To enter  into  contracts  for  employment  of  such  officers  and
  employees  as  it  may require for the performance of its duties, and to
  fix and determine their qualifications, duties and compensation  and  to
  retain  or  employ  such  personnel as may be required for its corporate
  purposes and private consultants on a contract basis  or  otherwise  for
  rendering professional or technical services and advice;
    6.  To  schedule  and  book events at participating olympic facilities
  with public and private individuals,  organizations,  groups  and  other
  entities  desiring  to  use  such  facilities  for conducting events and
  activities appropriate to the purposes of the authority;
    7. To enter into contracts, leases and subleases and  to  execute  all
  instruments  necessary  or  convenient  for  the  conduct  of  authority
  business, including agreements with the  park  district  and  any  state
  agency  which  administers,  owns or supervises any olympic facility, as
  provided in sections twenty-six hundred twelve  and  twenty-six  hundred
  fourteen of this title;
    8. To undertake or cause to be undertaken plans, surveys, analyses and
  studies  necessary,  convenient or desirable for the effectuation of the
  purposes and powers of the authority and to prepare  recommendations  in
  regard thereto;
    9.  To  enter  into  contracts to operate, maintain and manage olympic
  facilities;
    10. To fix and collect fees, rents and other charges for  the  use  of
  olympic  facilities  and  to authorize any other person on its behalf to
  collect same;
    11. To conduct or  contract  for  the  conduct  of  all  necessary  or
  convenient  services relevant to the publicizing, advertising, marketing
  and promoting of participating olympic facilities and  events  scheduled
  at  such  facilities,  including,  without limitation, the sale of media
  rights;
    12. To operate, or contract for the operation of, concession  services
  at any participating olympic facility;
    13.  To  contract for and to accept any gifts or grants, subsidies, or
  loans of funds or property or financial or other aid in  any  form  from
  the  federal  or  state  government  or  any  agency  or instrumentality
  thereof, or from any other source, public or  private,  and  to  comply,
  subject  to  the provisions of this title, with the terms and conditions
  thereof; provided however, the authority  shall  not  contract  for  the
  payment  of  debt  evidenced  by  bonds  or  notes  or other evidence of
  indebtedness issued by any public corporation for  capital  improvements
  either  directly  or  through a lease purchase agreement with any public
  corporation without the prior approval of the public authorities control
  board;
    14. To develop and construct, or participate in  the  development  and
  construction of, a facility or facilities, whether or not to be owned by
  the  authority, and to operate, maintain and manage any such facilities,
  for the training and housing of amateur athletes in connection with  the

  United  States  olympic  training  center  program  and  the authority's
  conduct of national and international sports events;
    15.  To  procure insurance against any loss or liability in connection
  with the use, management, maintenance and operation of the participating
  olympic facilities, in such amounts and from such insurers,  subject  to
  public bidding as it deems desirable; and
    16.  To  do all things necessary, convenient or desirable to carry out
  its purposes and for the exercise of the powers granted in this title.