Section 40-33.1-03 - Purpose and powers of an authorityThe purpose of an authority shall be to construct, operate, acquire, or maintain one or more projects in the city and to promote and acquire municipal steam heating facilities in accordance with the provisions of this chapter. To carry out such purpose, an authority shall have power:
2. To acquire, hold, and dispose of personal property for its corporate purposes.3. To acquire necessary real property in the name of the city by purchase.4. To make bylaws for the management and regulation of its affairs for the regulation of the project.5. To appoint officers, agents, and employees, to prescribe their qualifications, and to fix their compensation; provided, however, the officers, agents, and employees shall not be subject to the civil service laws or ordinances.6. To appoint an attorney to represent the board, who may be the city attorney, and to fix that person's compensation.7. To make contracts and leases and to execute all instruments necessary or convenient.8. To construct such buildings, structures, and facilities as may be necessary.9. To reconstruct, improve, maintain, and operate the projects.10. To accept grants, loans, or contributions from the United States, the state of North Dakota, or any agency or instrumentality of either of them, or the city, or an individual, by bequest or otherwise, and to expend the proceeds for any purposes of the authority.11. To fix and collect user fees, and other charges for the use and sale of steam.12. To construct, operate, or maintain in the projects all facilities necessary or convenient in connection therewith and to contract for the construction, operation, or maintenance of any parts thereof or for services to be performed.13. To borrow money on such terms as it may deem most convenient, and to sign notes and pledge any portion of revenues derived from user fees and charges, in connection with such borrowing.14. To mortgage all or any part of its real or personal property then owned or thereafter acquired.