§ 1500-d. Purpose and powers of the authority. The purpose of the
authority shall be to aquire, reconstruct, operate and maintain one or
more covered 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;

4. To make by-laws for the management and regulation of its affairs,
and, subject to agreements with bondholders, for the regulation of the
covered projects;

5. 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;

6. 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;

7. To appoint an attorney, who may be the corporation counsel of the
city, and to fix such attorney's compensation;

8. To make contracts and leases, and to execute all instruments
necessary for its corporate purpose;

9. To construct such buildings, structures and facilities as may be
necessary for its corporate purpose;

10. To reconstruct, improve, maintain, repair and operate the covered
projects;

11. 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;

12. To fix and collect rentals, fees and other charges for the use of
the covered projects subject to and in accordance with such agreements
with bondholders as may be made as hereinafter provided; and

13. To construct, operate or maintain in the covered 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 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 covered 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 covered projects shall be subject to the prior
approval of the planning board and common council of the city.