175.6 - GENERAL POWERS.

        175.6  GENERAL POWERS.
         The authority has all of the general powers needed to carry out
      its purposes and duties, and to exercise its specific powers,
      including but not limited to the power to:
         1.  Issue its negotiable bonds and notes as provided in this
      chapter in order to finance its programs.
         2.  Sue and be sued in its own name.
         3.  Have and alter a corporate seal.
         4.  Make and alter bylaws for its management consistent with the
      provisions of this chapter.
         5.  Make and execute agreements, contracts and other instruments,
      with any public or private entity, including but not limited to, any
      federal governmental agency or instrumentality.  The authority may
      make and execute contracts with any firm of independent certified
      public accountants to prepare an annual report on behalf of the
      authority.  The authority may make and execute contracts with
      mortgage lenders for the servicing of mortgage and secured loans.
      All political subdivisions, other public agencies and state agencies
      may enter into contracts and otherwise co-operate with the authority.

         6.  Acquire, hold, improve, mortgage, lease and dispose of real
      and personal property, including but not limited to, the power to
      sell at public or private sale, with or without public bidding, any
      property, mortgage or secured loan or other obligation held by it.
         7.  Procure insurance against any loss in connection with its
      operations and property interests, including pool insurance on any
      group of mortgage or secured loans.
         8.  Fix and collect fees and charges for its services.
         9.  Subject to an agreement with bondholders or noteholders,
      invest or deposit moneys of the authority in a manner determined by
      the authority, notwithstanding chapter 12B or 12C.
         10.  Accept appropriations, gifts, grants, loans, or other aid
      from public or private entities.  A record of all gifts or grants,
      stating the type, amount and donor, shall be clearly set out in the
      authority's annual report along with the record of other receipts.
         11.  Provide to public and private entities technical assistance
      and counseling related to the authority's purposes.
         12.  In co-operation with other local, state or federal
      governmental agencies or instrumentalities, conduct studies of
      beginning farmer or agricultural producer agricultural needs, and
      gather and compile data useful to facilitate decision making.
         13.  Contract with architects, engineers, attorneys, accountants,
      housing construction and finance experts, and other advisors or enter
      into contracts or agreements for such services with local, state or
      federal governmental agencies.
         14.  Make, alter and repeal rules consistent with the provisions
      of this chapter, and subject to chapter 17A.  
         Section History: Early Form
         [C54, 58, 62, 66, 71, 73, 75, 77, 79, § 234.18; C81, § 175.6] 
         Section History: Recent Form
         84 Acts, ch 1230, § 1; 87 Acts, ch 52, § 3
         Referred to in § 175.13A