§ 2-134. Powers and duties.

(1)

To have a seal and alter the same at its pleasure.

(2)

To acquire, hold, and dispose of personal property, including stock of other corporations, for its corporate purposes.

(3)

To enter into contracts with the County of Putnam and all incorporated cities therein.

(4)

It shall acquire from the county, and Putnam County shall transfer to the Authority, the lands given to the county by Loveland and Tanner, Inc., for an industrial park by agreement dated September 30, 1960, and recorded in the official records of Putnam County, book 62, pages 348, 349, and 350, item 34,801, on December 19, 1960, and the Authority shall hold such lands for the purposes of this act [division] and to administer same as provided in subsection (5).

(5)

To acquire in its own name by purchase, gift, or otherwise, on such terms and conditions and in such manner as it may deem proper, real property or liens or easements therein or franchises necessary or convenient for its corporate purposes, and to use the same, and to lease or make contracts with respect to the use or disposition of same, in any manner the Authority deems to be its best advantage. If the Authority deems it expedient to construct any project, or use any project already constructed, on lands the title to which shall then be in the County of Putnam or any of one of its incorporated cities, the governing authorities of such county and cities are authorized, in their discretion, to convey title to such lands, including any improvements thereon, to the Authority.

(6)

To select and appoint agents and employees, including engineers, architects, builders, and attorneys, and to fix their compensation.

(7)

To make contracts, and to execute all instruments necessary or convenient, including contracts for construction, lease, rental, and sale of projects or contracts with respect to the use of projects which it erects or acquires.

(8)

To construct, erect, acquire, own, repair, remodel, maintain, extend, improve, equip, operate, and manage projects, self-liquidating or otherwise, located on property owned or leased by the Authority, and to pay the cost of any such projects from the proceeds of revenue-anticipation certificates of the Authority or from any grant from Putnam County or any of the incorporated cities therein, or from any grant from the state, or from any contribution or loan by persons, firms, or corporations, all of which the Authority is hereby authorized to receive, accept, and use.

(9)

To borrow money for any of its corporate purposes and to execute notes, mortgages, deeds to secure debt, trust deeds, and such other instruments as may be necessary or convenient to evidence and secure such borrowing.

(10)

To exercise any power granted by the laws of the state to public or private corporations, performing similar functions, which is not in conflict with the constitution and laws of Florida.

(11)

To do all things necessary or convenient to carry out the powers expressly conferred by this act [division].

(12)

To adopt, alter, or repeal its own bylaws, rules, and regulations governing the manner in which its business may be transacted and in which the power granted to it may be enjoyed, as the Authority may deem necessary or expedient in facilitating its business.

(13)

To issue revenue-anticipation certificates for the purpose of paying all or any part of the cost of any project of the Authority. Such revenue-anticipation certificates shall be issued and validated under and in accordance with the applicable provisions of the laws of the state.

(14)

To perform such powers and duties as may from time to time be authorized by the Legislature.

(15)

To be deemed a "local agency" within the meaning of section 159.27(4), Florida Statutes, and possess all the powers of a local agency under part II of chapter 159, Florida Statutes; without limiting the generality of the foregoing, projects financed by the Authority under part II of chapter 159, Florida Statutes, need not be located on property owned or leased by the Authority, and bonds issued by it pursuant to part II of chapter 159, Florida Statutes, need not be validated under chapter 75, Florida Statutes.

(Laws of Fla. ch. 2003-371, § 3(9))