Section 2756. General powers of the authority

Except as otherwise 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 borrow money and issue bonds for any of its  corporate  purposes
  or its projects and to provide for the rights of the holders thereof;
    4. to make and alter by-laws for its organization and management, and,
  subject  to agreements with its bondholders, to make and alter rules and
  regulations governing the exercise of its powers and the fulfillment  of
  its purposes under this title;
    5.  to  acquire by purchase, grant, lease, gift, condemnation pursuant
  to the provisions of the eminent domain procedure law with the  approval
  of  the  county,  or  otherwise  and to hold and use property necessary,
  convenient or desirable to carry out  its  corporate  purposes,  and  to
  sell,  convey, mortgage, lease, pledge, exchange or otherwise dispose of
  any such property in such manner as the authority shall determine;
    6.  to  acquire,  construct,  reconstruct,  lease,  expand,   improve,
  maintain,   equip,  furnish,  operate  one  or  more  projects  and,  if
  necessary, to pay or finance the cost thereof;
    7. to apply for and to accept gifts, grants, loans,  or  contributions
  of  funds  or  property  or financial or other aid in any form from, and
  enter into contracts or other transactions with, the federal government,
  the state or any public corporation or any other source, and to use  any
  such  gifts,  grants,  loans  or  contributions for any of its corporate
  purposes;
    8. to grant options to renew any lease with respect to any project  or
  projects  and  to  grant options to buy any project at such price as the
  authority may deem desirable;
    9. to designate the depositories of its money;
    10. to establish its fiscal year;
    11. to enter into contracts, agreements and leases  with  the  federal
  government,   the   state,  the  county,  any  person  or  other  public
  corporation and to execute all instruments necessary  or  convenient  to
  accomplishing its corporate purposes;
    12.  to  appoint  such officers, employees and agents as the authority
  may require for the performance of its duties, and to fix and  determine
  their qualifications, duties, and compensation subject to the provisions
  of  the  civil  service  law  and  any  applicable collective bargaining
  agreement, and to retain or  employ  counsel,  auditors,  engineers  and
  private  consultants  on  a  contract  basis  or otherwise for rendering
  professional, management or technical services and advice;
    13. with the consent of the county executive to use employees, agents,
  consultants and facilities of the county, paying the county  its  agreed
  proportion of the compensation or costs;
    14.  to  make  plans,  surveys,  and  studies necessary, convenient or
  desirable to  the  effectuation  of  the  purposes  and  powers  of  the
  authority and to prepare recommendations in regard thereto;
    15. to enter upon such lands, waters or premises as in the judgment of
  the  authority may be necessary, convenient or desirable for the purpose
  of making surveys, soundings, borings and examinations to accomplish any
  purpose authorized by this title, the authority being liable for  actual
  damage done;
    16. the authority may covenant and consent that the interest on any of
  its  bonds  or  notes issued pursuant to this title shall be includible,
  under the United States Internal Revenue Code of 1986, or any subsequent
  corresponding internal revenue law of the United States, in gross income
  of the holders of the bonds or notes to the same extent and in the  same
  manner  that the interest on bills, bonds, notes or other obligations of

  the United States is includible in  the  gross  income  of  the  holders
  thereof under said Internal Revenue Code or any such subsequent law;
    17.  to  do all things necessary, convenient or desirable to carry out
  its purposes and for the exercise of the powers granted in this title;
    18. to insure or provide for the insurance of the authority's property
  or operations as required by law and also against such  other  risks  as
  the authority may deem advisable.