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Except as otherwise limited by the State Constitution, the City Charter, this chapter, or the charter of the public corporation, a public corporation shall have and exercise all lawful powers necessary or convenient to effect the purposes for which the public corporation is organized and to perform authorized corporate functions, including, without limitations, the power to:

1. Own and sell real and personal property;

2. Contract for any corporate purpose with the United States, a state, and any political subdivision or agency of either, and with individuals, associations and corporations;

3. Sue and be sued in its name;

4. Lend and borrow money;

5. Do anything a natural person may do;

6. Perform all manner and type of community services and activities;

7. Provide and implement such municipal services and functions as the city council may by ordinance direct;

8. Transfer any funds, real or personal property, property interests, or services;

9. Receive and administer federal or private funds, goods, or services for any lawful public purpose;

10. Purchase, lease, exchange, mortgage, encumber, improve, use, or otherwise transfer or grant security interests in real or personal property or any interests therein; grant or acquire options on real and personal property; and contract regarding the income or receipts from real property;

11. Issue negotiable bonds and notes in conformity with applicable provisions of the Uniform Commercial Code and state law in such principal amounts, as in the discretion of the public corporation, shall be necessary or appropriate to provide sufficient funds for achieving any corporate purposes; or to secure financial assistance, including funds from the United States, a state, or any political subdivision or agency of either for corporate projects and activities; provided, however, that all bonds and notes or liabilities occurring thereunder shall be satisfied exclusively from the assets, properties or credit of such public corporation, and no creditor or other person shall have any recourse to the assets, credit or services of the city thereby, unless the city council shall by resolution expressly guarantee such bonds or notes;

12. Contract for, lease, and accept transfers, gifts or loans of funds or property from the United States, a state, and any political subdivision or agency of either, including property acquired by any such governmental unit through the exercise of its power of eminent domain, and from corporations, associations, individuals or any other source, and to comply with the terms and conditions therefor;

13. Manage, on behalf of the United States, a state, and any political subdivision or agency of either, any property acquired by such entity through gift, purchase, construction, lease, assignment, default, or exercise of the power of eminent domain;

14. Recommend to appropriate governmental authorities public improvements and expenditures in areas of the city in which the public corporation by its charter has a particular responsibility;

15. Recommend to the United States, a state, and any political subdivision or agency of either any property which, if committed or transferred to the public corporation, would materially advance the public purpose for which the public corporation is chartered;

16. Initiate, carry out, and complete such improvements of benefit to the public consistent with its charter as the United States, a state, and any political subdivision or agency of either may request;

17. Recommend to the United states, a state, and any political subdivision or agency of either such tax, financing, and security measures as the public corporation may deem appropriate to maximize the public interest in areas of the city in which the public corporation by its charter has a particular responsibility;

18. Lend its funds, property, credit or services for corporate purposes, or act as a surety or guarantor for corporate purposes;

19. Provide advisory, consultative, training, educational, and community services or advice to individuals, associations, corporations, or governmental agencies, with or without charge;

20. Control the use and disposition of corporate property, assets, and credit;

21. Invest and reinvest its funds;

22. Fix and collect charges for services rendered or to be rendered, and establish the consideration for property transferred;

23. Sponsor, lease, manage, construct, own, or otherwise participate in housing projects, where such activity furthers the purpose for which the public corporation is chartered;

24. Maintain books and records as appropriate for the conduct of its affairs;

25. Conduct corporate affairs, carry on its operations, and use its property as allowed by law and consistent with this chapter, its charter and its bylaws; name corporate officials, designate agents, and engage employees, prescribing their duties, qualifications, and compensation; and secure the services of consultants for professional services, technical assistance, or advice;

26. Identify and recommend to the United States, a state, and any political subdivision or agency of either, the acquisition by the appropriate governmental entity; for transfer to or use by the public corporation; of property and property rights, which, if so acquired, whether through purchase or the exercise of eminent domain, and so transferred or used, would materially advance the purpose for which the public corporation is chartered; and exercise and enjoy such powers as may be authorized by law.

(Prior code § 1.98.040)