§9207.__General powers

In order to carry out the purposes of this chapter, the authority has the following powers with respect to a project together with all powers incidental to or necessary for the performance of these powers:

1.__Perpetual succession.__To have perpetual succession as a body politic and corporate and an instrumentality of the State;

2.__Power to sue and be sued.__To sue or initiate or appear in any proceeding.__The authority may be sued on its written contracts or in accordance with Title 1, section 409; Title 5, chapter 375; or Title 14, chapter 741;

3.__Official seal.__To adopt and have an official seal and alter the seal at pleasure;

4.__Bylaws; rules.__To adopt bylaws and any rule necessary or useful for carrying out any of the authority's powers or duties pursuant to this chapter.__Rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2-A;

5.__Acquire real or personal property.__To acquire real or personal property or any interest in real or personal property, including rights or easements, on either a temporary or long-term basis by gift, purchase, transfer, foreclosure, lease or otherwise; to improve, hold, sell with or without public bidding, assign, lease, rent, encumber, mortgage or otherwise dispose of any real or personal property, any interest in real or personal property or mortgage interests owned or in its control, custody or possession; and to release or relinquish any right, title claim, lien, interest, easement or demand, however acquired, including threat of foreclosure;

6.__Prepare and plan projects and facilities.__To prepare or cause to be prepared plans, specifications, designs and estimates of costs for the construction and equipment for a project and attendant facilities and from time to time to modify or cause to be modified those plans, specifications, designs or estimates;

7.__Improve and equip project and attendant facilities.__By contract or contracts to construct, acquire, alter, repair,