Subject to Alaska Stat. § 30.13.050 and Alaska Stat. § 30.13.130, in furtherance of its corporate purposes under Alaska Stat. § 30.13.030, an authority has the power to

(1) sue and be sued;

Terms Used In Alaska Statutes 30.13.040

  • authority: means a public body created under Alaska Stat. See Alaska Statutes 30.13.900
  • bonds: means bonds or other obligations issued under this chapter. See Alaska Statutes 30.13.900
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, society, state or agency or subdivision of the state, municipality of the state, or an authority, as well as a natural person. See Alaska Statutes 30.13.900
  • projects: means harbor, port, shipping and transportation facilities of all kinds, including harbors, channels, turning basins, anchorage areas, jetties, breakwaters, waterways, canals, locks, tidal basins, wharves, docks, piers, slips, bulkheads, public landings, warehouses, terminals, refrigerating and cold storage plants, rolling stock, car ferries, tugs, boats, conveyors, tunnels, bridges, highways, roads and railroads, and appliances of all kinds for the handling, storage, inspection, and transportation of freight and natural resource products. See Alaska Statutes 30.13.900
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(2) have a seal and alter it at its pleasure;
(3) adopt and amend bylaws for its organization and internal management;
(4) adopt regulations governing the exercise of its corporate powers;
(5) acquire, rent, hold, use, and dispose of projects and other real and personal property necessary, useful, or convenient for its purposes upon the terms and conditions the authority may consider advisable;
(6) provide for and secure the payment of bonds and the rights of the holders of them, and to purchase, hold, and dispose of bonds;
(7) accept gifts, loans, or grants, including organizational grants, from, and enter into contracts or other transactions regarding them with, any federal, state, municipal, or other agency or instrumentality, private organization, or other person;
(8) deposit or invest its funds, subject to agreements with bondholders;
(9) charge and collect only those rents, rates, fees, or other charges that are necessary to pay for capital, maintenance, and operating costs of the services and facilities of the authority and for the establishment of reserves to secure, and for the payment of, bonds or notes or interest on bonds or notes;
(10) enter into contracts or other transactions with any federal, state, municipal, or other agency, or instrumentality, private organization, or person consistent with the exercise of any powers under this chapter; and
(11) do all things necessary and convenient to carry out its corporate purposes and exercise the powers granted in this chapter.
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