A. The authority, acting by and through its board, may exercise all powers of a political subdivision necessary or convenient for the carrying out of its objects and purposes, including but not limited to rights and powers set out in this Subpart:

            (1) To sue and be sued.

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

            (3) To acquire by donation, grant, purchase, or lease, all property, including servitudes or rights of use; to hold and use any franchise or property, immovable or movable, corporeal or incorporeal, or any interest therein, necessary or desirable for carrying out the objects and purposes of the authority.

            (4) To receive by grant, or donation, any sum of money, or property, aid, or assistance from the United States, the state of Louisiana, or any political subdivision thereof, or any person, firm, or corporation.

            (5) To enter into contracts for the purchase, acquisition, construction, maintenance, and improvement of works and facilities necessary in connection with the purposes of the authority.

            (6) In its own name and on its own behalf to incur debt and to issue general obligation bonds, revenue bonds, certificates, notes, and other evidences of indebtedness and to levy and cause to be collected ad valorem taxes as provided in this Subpart and as may be provided by general law.

            (7) To regulate the imposition of fees and rentals charged by the authority for its facilities and for services rendered by it.

            (8) To mortgage properties constructed or acquired and to borrow money and pledge all or part of its revenues, leases, rents, or other advantages as security for such loans.

            (9) To sell immovable property owned by the authority after legal notice as provided by law for the judicial sale of immovable property.

            (10) To contract, upon such terms as it may agree upon, for legal, financial, engineering, and other professional services necessary or expedient in the conduct of its affairs.

            (11) To utilize the services of the executive departments of the state upon mutually agreeable terms and conditions.

            (12) To do any and all things necessary or proper for the government, regulation, development, and control of the business of the board.

            B. The authority shall not be deemed to be an instrumentality of the state for purposes of La. Const. Art. X, § 1(A) .

            Acts 1989, No. 2, §1, eff. June 1, 1989; Acts 2004, No. 622, §1, eff. July 1, 2004; Acts 2005, No. 462, §2, eff. July 1, 2005; Acts 2015, No. 191, §1.