1933 - Purposes and powers of the authority. - New York Statutes

§ 1933. Purposes and powers of the authority. 1. The purposes of the authority shall be: (a) To operate and maintain the Glens Falls civic center, civic center plaza and all facilities in connection therewith. (b) To conduct its affairs in a fiscally prudent manner designed to maximize income and minimize expenses. (c) To assist the city in paying off its bond indebtedness incurred at the time of the construction of the Glens Falls civic center. (d) To operate and maintain such other cultural or sports-related facilities over which it is given jurisdiction by the common council; upon such terms and conditions as shall be mutually agreed to in advance by the agency and the common council of the city of Glens Falls. (e) To promote and develop the Glens Falls civic center and any other facility over which the agency has jurisdiction with the general aim of promoting the economic welfare and prosperity of the people in the city and the surrounding communities. 2. The carry out the purposes set forth above, the authority shall have the power: (a) To acquire, hold and dispose of real and personal property for its corporate purposes; subject to the conditions and restrictions hereinafter provided. (b) To engage in fund raising activities in furtherance of its corporate purposes. (c) To make rules and by-laws for the management and regulations of its affairs and administration of the civic center, or any other agency over which it has jurisdiction. (d) With the consent of the common council to use agents, employees and facilities of the city, including the city treasurer's office, paying to the city its agreed portion of the compensation or costs. (e) To appoint officers, agents and employees and to prescribe their qualifications and fix their compensation subject to the restrictions and conditions as hereinafter provided. (f) To make contracts and leases, and to execute all instruments necessary; provided however, the authority shall not have the power to enter into contracts or leases which extend beyond its corporate life. (g) To reconstruct and make improvements to any project over which it has jurisdiction subject to restrictions and conditions hereinafter provided. (h) To collect rentals, fees and other charges for the use of the project subject to existing agreements between the city and others. (i) To contract for the services of architects, engineers, lawyers, financial and other professional advisors and to fix their compensation subject to the restrictions and conditions hereinafter provided. (j) To operate and maintain the Glens Falls civic center and such other cultural or sports-related facilities over which it is given jurisdiction by the common council of the city of Glens Falls; to contract for the repair, operation and maintenance of any part thereof, or for services to be performed in connection therewith; to rent parts thereof, and grant concessions; subject to the terms of existing agreements between the city and others. (k) To promote the Glens Falls civic center, the city and the surrounding communities, together with any other facility over which the agency has jurisdiction. (l) To sue and be sued.