The Authority is hereby authorized and empowered:
1. To adopt bylaws for the regulation of its affairs and conduct of its business;
2. To adopt an official seal and alter the same;
3. To maintain an office at such place or places within the enterprise district as it may designate;
4. To sue and be sued, in contract, reverse condemnation, equity, mandamus and similar actions in its own name, plead and be impleaded; provided however, that any and all actions at law or in equity against the Authority shall be brought in the county in which the principal office of the Authority shall be located, or in the county of the residence of the plaintiff, or the county wherein the cause of action arose;
5. To acquire, hold and dispose of real and personal property in the exercise of its powers and the performance of its duties under this section;
6. To make and enter into all contracts and agreements necessary or incidental to the performance of its duties and the execution of its powers under this act; and
7. To adopt such rules and regulations and do all things necessary or convenient to carry out the powers and duties expressly granted in this section.
Added by Laws 1983, c. 168, § 9, emerg. eff. June 6, 1983.