§ 114-134. Same—Purposes and powers.

(a)

The authority created and established by the provisions of this article is hereby granted and shall have the right and power to purchase, own, and maintain storm drainage facilities; to contract for construction of facilities; to exercise power of eminent domain; to conduct studies; and to contract with other governmental agencies, private companies and individuals.

(b)

The authority is hereby granted, and shall have and may exercise, all powers necessary, appurtenant, convenient or incidental to the carrying out of the aforesaid purposes, including, but without being limited to, the following rights and powers:

(1)

To sue and be sued, implead and be impleaded, complain and defend in all courts.

(2)

To adopt, use and alter at will a corporate seal.

(3)

To acquire, purchase, hold, lease as a lessee and use any franchise, property, real, personal or mixed, tangible or intangible, or any interest therein, necessary or desirable for carrying out the purposes of the authority, and to sell, lease as lessor, transfer and dispose of any property or interest therein at any time acquired by it. Any sale, lease or transfer of any property or interest shall be upon competitive bid.

(4)

To regulate the construction of storm drainage facilities, to establish rules and regulations with respect to storm drainage systems in said area.

(5)

To make contracts of every name and nature and to execute all instruments necessary or convenient for the carrying on of its business.

(6)

To enter into management contracts with any person or persons for the management of the district controlled by the authority for such period or periods of time, and under such compensation and other terms and conditions, as shall be deemed advisable by the authority.

(7)

Without limitation, to borrow money and accept gifts or grants or loans of money or other property and to enter into contracts, leases or other transactions with any federal agency, the state, any agency of the state, the County of Pinellas or with any other public body of the state.

(8)

To do all acts and things necessary or convenient for the conduct of its business and the general welfare of the authority in order to carry out the powers granted to it by this article or any other law.

(9)

To prescribe and promulgate rules and regulations as it deems necessary for the purposes of this article.

(Laws of Fla. ch. 75-491, § 4)