1048-G - General powers of the water board.

§  1048-g.  General  powers  of  the  water board. Except as otherwise  limited by this title, the water board shall have power:    1. To sue and be sued;    2. To have a seal and alter the same at pleasure;    3. To make  and  amend  by-laws  for  its  organization  and  internal  management,  and  rules  and  regulations  governing the exercise of its  powers and duties and the fulfillment of its purposes under this title;    4. To establish, fix, revise,  charge  and  collect  and  enforce  the  payment  of all fees, rates, rents and other service charges for the use  of, or services furnished by the water system, so as to receive revenues  which, together with other revenues available  to  the  board,  if  any,  shall be at least sufficient at all times so that such system or systems  shall  be  placed  on a self-sustaining basis in accordance with section  one thousand forty-eight-j of this title;    5. To enter into contracts and to execute all instruments necessary or  convenient or desirable for the purposes of the water board to carry out  any powers expressly given it in this  title,  provided  nothing  herein  contained  shall  authorize the water board to borrow money or otherwise  contract indebtedness;    6.  To  enter  into  agreements  pursuant  to  sections  one  thousand  forty-eight-h  and  one  thousand  forty-eight-i  of this title with the  authority and the city to provide a means whereby  the  authority  shall  finance  the  cost  of  constructing water projects, as described in the  agreement, and the water board may agree to assume title  to  the  water  system,  and  to raise revenues from users through fees, rates, rents or  other service charges necessary or appropriate to secure such  financing  and  to  pay  the  cost  of the operation, management and repair of such  water system;    7. To acquire, purchase, lease as lessee, hold and use  any  property,  real,  personal or mixed, or any interest therein necessary or desirable  to carry out the purposes of this title and, subject to any  limitations  in  any  agreement  with  the  city entered into pursuant to section one  thousand forty-eight-h of this title, to sell, lease as lessor, transfer  or otherwise dispose of any such property or interest therein;    8. To appoint such officers and employees as it may  require  for  the  performance   of   its   duties,   and   to   fix  and  determine  their  qualifications, duties, and compensation, subject to the  provisions  of  the  civil  service law and rules of the civil service commission of the  city and to retain or employ counsel, auditors,  engineers  and  private  consultants  on a contract basis or otherwise for rendering professional  or technical services and advice;    9. To acquire from the city title to the water system of such city;    10. To make  plans,  surveys  and  studies  necessary,  convenient  or  desirable  to  the  effectuation of the purposes and powers of the water  board and to prepare recommendations in regard thereto;    11. To make use of existing studies, surveys, plans,  data  and  other  material  in the possession of the city in order to avoid duplication of  effort, and such city is hereby authorized to make the same available to  the water board and otherwise to assist it in  the  performance  of  its  functions;    12. With the consent of the common council of the city to use officers  or employees of the city and to pay a proper portion of the compensation  or costs for the services of such officers or employees;    13.  To  conduct investigations and hearings in the furtherance of its  general purposes, and in aid  thereof  to  have  access  to  any  books,  records  or  papers  relevant thereto; and if any person whose testimony  shall be required for the proper performance of the duties of the  water  board  shall  fail  or  refuse  to  aid or assist the water board in theconduct of any investigation or hearing,  or  to  produce  any  relevant  books,  records  or other papers, the water board is authorized to apply  for process of subpoena, to issue out of any court of  general  original  jurisdiction whose process can reach such person, upon due cause shown;    14.  To  apply  for  and  to  accept  any  gifts or grants of funds or  property or financial  or  other  aid  in  any  form  from  the  federal  government  or  any agency or instrumentality thereof, or from the state  or any state agency, the city or from any other sources, for any or  all  of  the  purposes specified in this title, and to comply, subject to the  provisions of this title, with the terms and conditions thereof;    15. To invest moneys not required for immediate use  or  disbursement,  subject to such restrictions as may be imposed by any agreement with the  authority,  in  such  obligations  or  deposits with such banks or trust  companies as it may determine and  designate,  provided  that  any  such  deposit  with  a  bank  or trust company shall be continuously and fully  secured by direct obligations of the  city,  the  state  or  the  United  States of America, or obligations the principal of and interest on which  are guaranteed by the state or the United States of America, of a market  value equal at all times to the amount of the deposit;    16.  To  establish  and  maintain  such  reserves,  special  funds and  accounts, to be held in trust or otherwise, as may be  required  by  any  agreement with the authority and the city; and    17.  To  do all things necessary, convenient or desirable to carry out  its purposes and for the exercise of the powers granted in this title.