The Authority shall have the following powers together with all powersincidental thereto or necessary for the performance of those hereinafterstated:
1. To sue and be sued and to prosecute and defend, at law or in equity, inany court having jurisdiction of the subject matter and of the parties;
2. To adopt and use a corporate seal and to alter the same at pleasure;
3. To contract and be contracted with;
4. To employ and pay compensation to such employees and agents, includingattorneys, as the board deems necessary in carrying on the business of theAuthority;
5. To establish bylaws and make all rules and regulations, not inconsistentwith the provisions of this chapter, deemed expedient for the management ofthe Authority's affairs;
6. To borrow money and to accept contributions, grants, and other financialassistance from the United States of America and agencies orinstrumentalities thereof, the Commonwealth, or any political subdivision,agency, or public instrumentality of the Commonwealth or any private person,foundation or financial institution;
7. To issue bonds in accordance with applicable law;
8. To receive and expend moneys on behalf of tourist train development; and
9. To cooperate with any private or governmental entities in the states ofWest Virginia, Kentucky, Tennessee, or North Carolina in the development of atourist train and theme park.
The Authority shall have the following powers together with all powersincidental thereto or necessary for the performance of those hereinafterstated:
1. To sue and be sued and to prosecute and defend, at law or in equity, inany court having jurisdiction of the subject matter and of the parties;
2. To adopt and use a corporate seal and to alter the same at pleasure;
3. To contract and be contracted with;
4. To employ and pay compensation to such employees and agents, includingattorneys, as the board deems necessary in carrying on the business of theAuthority;
5. To establish bylaws and make all rules and regulations, not inconsistentwith the provisions of this chapter, deemed expedient for the management ofthe Authority's affairs;
6. To borrow money and to accept contributions, grants, and other financialassistance from the United States of America and agencies orinstrumentalities thereof, the Commonwealth, or any political subdivision,agency, or public instrumentality of the Commonwealth or any private person,foundation or financial institution;
7. To issue bonds in accordance with applicable law;
8. To receive and expend moneys on behalf of tourist train development; and
9. To cooperate with any private or governmental entities in the states ofWest Virginia, Kentucky, Tennessee, or North Carolina in the development of atourist train and theme park.
The Authority shall have the following powers together with all powersincidental thereto or necessary for the performance of those hereinafterstated:
1. To sue and be sued and to prosecute and defend, at law or in equity, inany court having jurisdiction of the subject matter and of the parties;
2. To adopt and use a corporate seal and to alter the same at pleasure;
3. To contract and be contracted with;
4. To employ and pay compensation to such employees and agents, includingattorneys, as the board deems necessary in carrying on the business of theAuthority;
5. To establish bylaws and make all rules and regulations, not inconsistentwith the provisions of this chapter, deemed expedient for the management ofthe Authority's affairs;
6. To borrow money and to accept contributions, grants, and other financialassistance from the United States of America and agencies orinstrumentalities thereof, the Commonwealth, or any political subdivision,agency, or public instrumentality of the Commonwealth or any private person,foundation or financial institution;
7. To issue bonds in accordance with applicable law;
8. To receive and expend moneys on behalf of tourist train development; and
9. To cooperate with any private or governmental entities in the states ofWest Virginia, Kentucky, Tennessee, or North Carolina in the development of atourist train and theme park.
