99.420. Powers of authority. - Missouri Statutes

Powers of authority.

99.420. An authority shall constitute a public bodycorporate and politic, exercising public and essentialgovernmental functions, and having all the powers necessary orconvenient to carry out and effectuate the purposes andprovisions of this law, including the following powers inaddition to others herein granted:

(1) To sue and to be sued; to have a seal and to alter thesame at pleasure; to have perpetual succession; to make andexecute contracts and other instruments necessary or convenientto the exercise of the powers of the authority; and to make andfrom time to time amend and repeal bylaws, rules and regulations,not inconsistent with this law, to carry out the provisions ofthis law;

(2) To prepare or cause to be prepared and recommendredevelopment plans and urban renewal plans to the governing bodyof the community or communities within its area of operation andto undertake and carry out land clearance projects and urbanrenewal projects within its area of operation;

(3) To arrange or contract for the furnishing or repair, byany person or agency, public or private, of services, privileges,works, streets, roads, public utilities or other facilities foror in connection with a land clearance project or urban renewalproject; and notwithstanding anything to the contrary containedin this law or any other provision of law, to agree to anyconditions that it may deem reasonable and appropriate attachedto federal financial assistance and imposed pursuant to federallaw relating to the determination of prevailing salaries or wagesor compliance with labor standards, in the undertaking orcarrying out of a land clearance project or urban renewalproject, and to include in any contract let in connection withsuch a project provisions to fulfill such of the conditions as itmay deem reasonable and appropriate;

(4) Within its area of operation, to purchase, lease, obtainoptions upon, acquire by gift, grant, bequest, devise, eminentdomain or otherwise, any real or personal property or anyinterest therein, including fee simple absolute title, togetherwith any improvements thereon, necessary or incidental to a landclearance project or urban renewal project; to hold, improve,clear or prepare for redevelopment or urban renewal any suchproperty; to develop, construct, reconstruct, rehabilitate,repair or improve residences, houses, buildings, structures andother facilities; to sell, lease, exchange, transfer, assign,subdivide, retain for its own use, mortgage, pledge, hypothecateor otherwise encumber or dispose of any real or personal propertyor any interest therein; to enter into contracts withredevelopers of property and with other public agenciescontaining covenants, restrictions and conditions regarding theuse of such property for residential, commercial, industrial,recreational purposes or for public purposes in accordance withthe redevelopment or urban renewal plan and such other covenants,restrictions and conditions as the authority may deem necessaryto prevent a recurrence of blighted or insanitary areas or toeffectuate the purposes of this law; to make any of thecovenants, restrictions, or conditions of the foregoing contractscovenants running with the land, and to provide appropriateremedies for any breach of any such covenants, or conditions,including the right in the authority to terminate such contractsand any interest in the property created pursuant thereto; toborrow money and issue bonds and provide security for loans orbonds; to insure or provide for the insurance of any real orpersonal property or operations of the authority against anyrisks or hazards, including the power to pay premiums on any suchinsurance; and to enter into any contracts necessary toeffectuate the purposes of this law; provided, however, that nostatutory provision with respect to the acquisition, clearance ordisposition of property by other public bodies shall restrict anauthority or other public bodies exercising powers hereunder, insuch functions, unless the legislature shall specifically sostate;

(5) To prepare a workable program;

(6) To make plans for carrying out a program of voluntaryrepair and rehabilitation of buildings and improvements, plansfor the enforcement of state and local laws, codes, andregulations relating to the use of land and the use and occupancyof buildings and improvements, and to the compulsory repair,rehabilitation, demolition, or removal of buildings andimprovements; the authority may develop, test and report methodsand techniques, and carry out demonstrations and otheractivities, for the prevention and the elimination of insanitary,blighted, deteriorated or deteriorating areas;

(7) To invest any funds held in reserves or sinking funds orany funds not required for immediate disbursement, in property orsecurities in which savings banks may legally invest fundssubject to their control; to redeem its bonds at the redemptionprice, all bonds so redeemed or purchased to be canceled;

(8) To borrow money and to apply for and accept advances,loans, grants, contributions and any other form of financialassistance from the federal government, the state, county,municipality or other public body or from any sources public orprivate, for the purposes of this law, to give such security asmay be required and to enter into and carry out contracts inconnection therewith; an authority, notwithstanding theprovisions of any other law, may include in any contract forfinancial assistance with the federal government for a landclearance or urban renewal project such conditions imposedpursuant to federal law as the authority may deem reasonable andappropriate and which are not inconsistent with the purposes ofthis law;

(9) Acting through one or more commissioners or otherpersons designated by the authority, to conduct examinations andinvestigations and to hear testimony and take proof under oath atpublic or private hearings on any matter material for itsinformation; to administer oaths, issue subpoenas requiring theattendance of witnesses or the production of books and papers andto issue commissions for the examination of witnesses who areoutside of the state or unable to attend before the authority, orexcused from attendance; to make available to appropriateagencies, including those charged with the duty of abating orrequiring the correction of nuisances or like conditions or ofdemolishing unsafe or insanitary structures or eliminatingsubstandard or insanitary conditions or conditions of blightwithin its area of operation, its findings and recommendationswith regard to any building or property where conditions existwhich are dangerous to the public health, safety, morals orwelfare;

(10) Within its area of operation, to make or have made allsurveys, studies and plans, but not including the preparation ofa general plan for the community, necessary to the carrying outof the purposes of this law and in connection therewith to enterinto or upon any land, building, or improvement thereon for suchpurposes and to make soundings, test borings, surveys, appraisalsand other preliminary studies and investigations necessary tocarry out its powers but such entry shall constitute no cause ofaction for trespass in favor of the owner of such land, buildingor improvement except for injuries resulting from wantonness ormalice; and to contract or cooperate with any and all persons oragencies, public or private, in the making and carrying out ofthe surveys, appraisals, studies and plans;

(11) To prepare plans and provide reasonable assistance forthe relocation of families displaced from a land clearanceproject area or an urban renewal project area, to the extentessential for acquiring possession of and* clearing or renewingthe area or parts thereof;

(12) To make such expenditures as may be necessary to carryout the purposes of this law; and to make expenditures from fundsobtained from the federal government without regard to any otherlaws pertaining to the making and approval of appropriations andexpenditures;

(13) To delegate to a municipality or other public body anyof the powers or functions of the authority with respect to theplanning or undertaking of a land clearance project or urbanrenewal project in the area in which the municipality or publicbody is authorized to act, and the municipality or public body ishereby authorized to carry out or perform such powers orfunctions for the authority;

(14) To exercise all powers or parts or combinations ofpowers necessary, convenient or appropriate to undertake andcarry out land clearance, redevelopment and urban renewal plansand projects and all the powers herein granted;

(15) To loan the proceeds of the bonds or temporary noteshereinafter authorized to provide for the purchase, construction,extension and improvement of a project by a private or publicdeveloper pursuant to a development contract approved by theauthority.

(L. 1951 p. 300 § 5, A.L. 1955 p. 279, A.L. 1972 S.B. 586, A.L. 1982 H.B. 1411 & 1587)

*Word "an" appears in original rolls.

CROSS REFERENCES:

Bi-state development agency, bonds of, investment in authorized, RSMo 70.377

Multinational banks, securities and obligations of, investment in, when, RSMo 409.950

Savings accounts in insured savings and loan associations, investment in authorized, RSMo 369.194