§ 159D-5. General powers. - North Carolina Statutes

§ 159D‑5.  General powers.

The agency shall have all of the powers necessary or convenient tocarry out and effectuate the purposes and provisions of this Article, includingall of the following:

(1)        To adopt bylaws for the regulation of its affairs and theconduct of its business and to prescribe rules, regulations and policies inconnection with the performance of its functions and duties;

(2)        To adopt an official seal and alter the same at pleasure;

(3)        To maintain an office at such place or places as it maydetermine;

(4)        To sue and be sued in its own name, plead and be impleaded;

(5)        To receive, administer and comply with the conditions andrequirements respecting any gift, grant or donation of any property or money;

(6)        To make and execute financing agreements, security documentsand other contracts and instruments necessary or convenient in the exercise ofthe powers and functions of the agency under this Article;

(7)        To acquire by purchase, lease, gift or otherwise, but not byeminent domain, or to obtain options for the acquisition of any property, realor personal, improved or unimproved, and interests in land less than the feethereof, for the construction, operation or maintenance of any project;

(8)        To sell, lease, exchange, transfer or otherwise dispose of,or to grant options for any such purposes with respect to, any real or personalproperty or interest therein;

(9)        To pledge or assign revenues of the agency;

(10)      To construct, acquire, own, repair, maintain, extend,improve, rehabilitate, renovate, furnish and equip one or more projects and topay all or any part of the costs thereof from the proceeds of bonds of theagency or from any contribution, gift or donation or other funds made availableto the agency for such purpose;

(11)      To fix, charge and collect revenues with respect to anyproject;

(12)      To employ consulting engineers, architects, attorneys, realestate counselors, appraisers and such other consultants and employees as maybe required in the judgment of the agency and to fix and pay their compensationfrom funds available to the agency therefor and to select and retain subject toapproval of the Local Government Commission the financial consultants,underwriters and bond attorneys to be associated with the issuance of any bondsand to pay for services rendered by underwriters, financial consultants or bondattorneys out of the proceeds of any such issue with regard to which theservices were performed; and

(13)      To do all acts and things necessary, convenient or desirableto carry out the purposes, and to exercise the powers granted in this Article. (1977, 2nd Sess., c. 1198, s. 1; 1985, c. 723, s. 3;2000‑179, s. 2.)