An authority may:
1. Sue and be sued.
2. Have a seal and alter the same at pleasure.
3. Have perpetual succession.
4. Make and execute contracts and other instruments necessary or convenient to the exercise of its powers.
5. Make, and from time to time amend and repeal bylaws, rules and regulations to carry into effect the powers and purposes of the authority.
[Part 7:253:1947; A 1951, 11]