§ 1284. General powers of the corporation. Except as otherwise limited\nby this title, the corporation shall have power:\n 1. To sue and be sued;\n 2. To have a seal and alter the same at pleasure;\n 3. To borrow money and issue negotiable or non-negotiable notes, bonds\nor other obligations and to provide for the rights of the holders\nthereof;\n 4. To invest any funds held in reserve or sinking funds, or any monies\nnot required for immediate use or disbursement, at the discretion of the\ncorporation (i) in obligations of the state or the United States of\nAmerica; (ii) in obligations the principal and interest of which are\nguaranteed by the state or the United States of America; (iii) in\nobligations issued by the United States of America, an agency thereof or\na United States government sponsored corporation or obligations fully\ninsured or guaranteed as to the payment of principal and interest by the\nUnited States of America, an agency thereof or a United States\ngovernment sponsored corporation; or in deposits with such banks or\ntrust companies as may be designated by the corporation. Each such bank\nor trust company deposit shall be continuously and fully secured by\ndirect obligations of the state or the United States of America, or by\nobligations the principal and interest of which are guaranteed by the\nstate or the United States of America, and additionally, any funds\nmanaged by the corporation for any municipality may be continuously and\nfully secured by obligations of any municipality, school district or\ndistrict corporation of the state of New York of a market value equal at\nall times to the amount of the deposit, and all banks and trust\ncompanies are hereby authorized to give such security;\n 5. To make and alter by-laws for its organization and internal\nmanagement, and rules and regulations governing the exercise of its\npowers and the fulfillment of its purposes under this title;\n 6. To enter into contracts and leases and to execute all instruments\nnecessary or convenient or desirable for the purposes of the corporation\nor to carry out any powers expressly given it in this title;\n 7. To acquire, purchase, hold, lease as lessee, dispose of and use any\nreal or personal property or any interest therein necessary, convenient\nor desirable to carry out the purpose of this title and to sell, lease\nas lessor, transfer and dispose of any property or interest therein at\nany time required by it in the exercise of its power including but not\nlimited to the sale, transfer or disposal of any materials, substances\nor sources or forms of energy derived from any corporate activity.\n 8. To appoint such officers and employees as it may require for the\nperformance of its duties, and to fix and determine their\nqualifications, duties and compensation and to retain or employ counsel,\nauditors, engineers and private consultants on a contract basis or\notherwise for rendering professional or technical services and advice;\n 9. To make plans, surveys, and studies necessary, convenient or\ndesirable to the effectuation of the purposes and powers of the\ncorporation and to prepare recommendations in regard thereto, provided\nthat such plans, surveys, studies and recommendations shall be in\nconformity with any comprehensive studies and reports on the collection,\ntreatment and disposal of sewage conducted and approved pursuant to the\nprovisions of section twelve hundred sixty-three-a of the public health\nlaw, on the collection, treatment and disposal of refuse conducted and\napproved pursuant to the provisions of title IX of the public health\nlaw, and on public water supply systems conducted and approved pursuant\nto the provisions of part V-A of article V of the conservation law and\non the control and abatement of air pollution conducted and approved\npursuant to the provisions of title II, article twelve-A of the public\nhealth law;\n 10. To enter upon such lands, waters, or premises as in the judg
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