New York Laws
Title 2-A - New York City Municipal Water Finance Authority
1045-D - General Powers of the Authority.

§ 1045-d. 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 negotiable or non-negotiable notes, bonds
or other obligations and to provide for the rights of the holders
thereof;

4. To make and amend by-laws for its organization and internal
management, and rules and regulations governing the exercise of its
power and the fulfillment of its purposes under this title and file such
by-laws with the secretary of state and clerk of the city;

5. To enter into contracts and to execute all instruments necessary or
convenient or desirable for the purposes of the authority to carry out
any powers expressly given it in this title;

6. To acquire, by purchase, gift, grant, transfer, contract or lease,
lease as lessee, hold, and use any real or personal property or any
interest therein, as the authority may deem necessary, convenient or
desirable to carry out the purpose of this title provided, however, the
authority may not acquire or otherwise receive real property of the city
without the consent of the city and to sell, lease as lessor, transfer
and dispose of any property or interests therein at any time required by
it in the exercise of its powers;

7. To appoint such officers and employees as it 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 the rules of the civil service commission of
the city, and to retain or employ counsel, auditors, engineers and
private consultants for rendering professional or technical services and
advice;

8. To make plans and studies necessary, convenient or desirable to the
effectuation of the purposes and powers of the authority and to prepare
recommendations in regard thereto;

9. To make use of existing studies, surveys, plans, data and other
material in the possession of any state agency, any municipality or the
water board in order to avoid duplication of effort;

10. To enter upon such lands, waters, or premises as in the judgment
of the authority shall be necessary for the purpose of making surveys,
soundings, borings and examinations to accomplish any purpose authorized
by this title, the authority being liable only for actual damage done;

11. To conduct investigations and hearings in the furtherance of its
general purposes, and in aid thereof to have access to any books,
records or papers relevant thereto; and if any person whose testimony
shall be required for the proper performance of the duties of the
authority shall fail or refuse to aid or assist the authority in the
conduct of any investigation or hearing, or to produce any relevant
books, records or other papers, the authority is authorized to apply for
process of subpoena, to issue out of any court of general original
jurisdiction whose process can reach such person, upon due cause shown;

12. To enter into agreements with the water board and the city for the
financing by the authority of water projects, as herein provided;

13. To apply for and to accept any gifts or grants or loans of funds
or property or financial or other aid in any form from the federal
government or any agency or instrumentality thereof, or from the state
or any agency or instrumentality thereof or from any other source, for
any or all of the purposes specified in this chapter, and to comply,
subject to the provisions of this title, with the terms and conditions
thereof;

14. To do all things necessary, convenient or desirable to carry out
its purposes and for the exercise of the powers granted in this title.