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.