The authority shall have the powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter and the purposes of the authority and the powers delegated by other laws, including, but not limited to, the power to:
  (a) Sue and be sued; to have a seal and alter the same at pleasure; to have perpetual succession; to make, execute, and deliver contracts, conveyances, and other instruments necessary or convenient to the exercise of its powers; and to make and amend bylaws.

Terms Used In Michigan Laws 500.6105

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Authority: means the automobile theft prevention authority. See Michigan Laws 500.6101
  • Board: means the board of directors of the automobile theft prevention authority. See Michigan Laws 500.6101
  • Contract: A legal written agreement that becomes binding when signed.
  • person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
  • seal: shall be construed to include any of the following:
  (a) The impression of the seal on the paper alone. See Michigan Laws 8.3n
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
    •   (b) Solicit and accept gifts, grants, loans, funds collected and placed in the automobile theft prevention fund, and other aids from any person or the federal, state, or a local government or any agency thereof.
      (c) Make grants and investments.
      (d) Procure insurance against any loss in connection with its property, assets, or activities.
      (e) Invest any money held in reserve or sinking funds, or any money not required for immediate use or disbursement, at its discretion and to name and use depositories for its money.
      (f) Contract for goods and services and engage personnel as is necessary, including the services of private consultants, managers, counsel, auditors, and others for rendering professional, management, and technical assistance and advice, payable out of any money of the fund legally available for this purpose.
      (g) Indemnify and procure insurance indemnifying any member of the board from personal loss or accountability from liability resulting from a member’s action or inaction as a member of the board.
      (h) Do all other things necessary or convenient to achieve the objectives and purposes of the authority, this chapter, or other laws.
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