Alaska Statutes: AS 41.41.200. Powers of the Authority.

Alaska Statutes. Title 41. Public Resources Chapter 41. Alaska Natural Gas Development Authority Section 200. Powers of the Authority.

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AS 41.41.200. Powers of the Authority.

In furtherance of its corporate purposes, in addition to its other powers, the authority may

(1) sue and be sued;
(2) adopt a seal;
(3) adopt, amend, and repeal bylaws and regulations;
(4) make and execute contracts and other instruments;
(5) in its own name acquire property, lease, rent, convey, or acquire real and personal property; a project site or part of a project site may be acquired by eminent domain;
(6) acquire natural gas supplies;
(7) issue bonds and otherwise incur indebtedness in accordance with AS 41.41.300 - 41.41.410 in order to pay the cost of a project;
(8) accept gifts, grants, or loans from and enter into contracts or other transactions regarding gifts, grants, or loans with a federal agency or an agency or instrumentality of the state, a municipality, private organization, or other source;
(9) enter into contracts or agreements with a federal agency, agency or instrumentality of the state, municipality, or public or private individual or entity, with respect to the exercise of its powers;
(10) charge fees or other forms of remuneration for the use of authority properties and facilities;
(11) defend and indemnify a current or former member of the board or an employee or agent of the authority against the costs, expenses, judgments, and liabilities as a result of actions taken in good faith on behalf of the authority; and
(12) purchase insurance to protect its assets, services, and employees against liabilities that may arise from authority operations and activities.

Article 03. REVENUE BONDS AND NOTES

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