Added by Stats. 1963, Ch. 1227.
An authority shall be managed under the provisions of this chapter and may exercise the powers therein expressly granted or necessarily implied therefrom.
Article 5 - Powers
California Government Code — §§ 40560-40568
Sections (9)
Added by Stats. 1963, Ch. 1227.
Each authority has the power generally to perform all acts necessary to carry out fully the provisions of this chapter.
Added by Stats. 1963, Ch. 1227.
An authority has perpetual succession.
Added by Stats. 1963, Ch. 1227.
An authority may adopt a seal and alter it at pleasure.
Added by Stats. 1963, Ch. 1227.
An authority may make contracts to carry out the purposes of the authority.
Added by Stats. 1963, Ch. 1227.
An authority may have construction or other work performed by contract or may otherwise do the work in the manner provided for the local agency.
Added by Stats. 1963, Ch. 1227.
The authority may:
(a)Sue and be sued, have a seal, and make and execute contracts and other instruments necessary or convenient to the exercise of its powers.
(b)Make, and from time to time amend and repeal, regulations not inconsistent with this chapter to carry into effect the powers and purposes hereof.
(c)Select and appoint or remove such permanent and temporary officers, agents, counsel, and employees, as it requires, and may determine their qualifications, duties and compensation.
Added by Stats. 1963, Ch. 1227.
The authority may:
(a)Purchase, lease, obtain option upon, acquire by contract or grant, any real property as defined in Section 40517 or personal property within or contiguous to the local agency, or any interest in, or improvements on, such property.
(b)Sell, lease, exchange, transfer, assign, subdivide, pledge by mortgage, deed of trust, or otherwise dispose of any real or personal property or any interest in such property.
(c)Maintain and operate any property acquired by it, for any public purpose.
(d)Lay out, open, extend, widen, straighten, establish, or change the grade, and improve, in whole or in part, of rights-of-way necessary or convenient for such property.
(e)Clear buildings, structures or other improvements from the property.
(f)Develop the property or any part thereof as a building site, including but not limited to grading, shaping, cutting and filling, locating and relocating public streets and places therein, and the installation of street improvements therein or therefor.
(g)Rent, maintain, manage, operate, improve and repair property.
(h)Insure, or provide for the insurance of, any real or personal property or the operation thereof against risks and hazards, and against the liabilities of the authority, its officers, agents and employees.
(i)Borrow money and hypothecate property and revenues as security therefor.
Added by Stats. 1963, Ch. 1227.
The authority shall not be bound by any contract made by the local agency with respect to acquisition or disposition of property which was concluded by the local agency prior to the date on which the authority is authorized to transact business and exercise its powers.