The general powers of the authority shall include any or all of the following:

(1)        To sue and be sued;

(2)        To have a seal;

(3)        To make rules and regulations, not inconsistent with this Chapter, for its organization and internal management;

(4)        To employ persons deemed necessary to carry out the management functions and duties assigned to them by the authority and to fix their compensation, within the limit of available funds;

(5)        With the approval of the municipality‘s chief administrative? official, to use officers, employees, agents and facilities of the municipality for such purposes and upon such terms as may be mutually agreeable;

(6)        To retain and employ counsel, auditors, engineers and private consultants on an annual salary, contract basis, or otherwise for rendering professional or technical services and advice;

(7)        To acquire, maintain and operate such lands, buildings, structures, facilities, and equipment as may be necessary or convenient for the operations of the authority and for the operation of a public transportation system;

(8)        To make or enter into contracts, agreements, deeds, leases, conveyances or other instruments, including contracts and agreements with the United States and the State of North Carolina;

(9)        To surrender to the municipality any property no longer required by the authority;

(10)      To make plans, surveys and studies of public transportation? facilities within the territorial jurisdiction of the authority and to prepare and make recommendations in regard thereto;

(11)      To enter into and perform contracts with public transportation companies with respect to the operation of public passenger transportation;

(12)      To issue certificates of public convenience and necessity; and to grant franchises and enter into franchise agreements and in all respects to regulate the operation of buses, taxicabs and other methods of public passenger transportation which originate and terminate within the territorial jurisdiction of the authority as fully as the municipality is now or hereafter empowered to do within the territorial jurisdiction of the municipality;

(13)      To operate public transportation systems and to enter into and perform contracts to operate public transportation services and facilities and to own or lease property, facilities and equipment necessary or convenient therefor, and to rent, lease or otherwise sell the right to do so to any person, public or private; further, to the extent authorized by resolution or ordinance of the municipality to obtain grants, loans and assistance from the United States, the State, any public body, or any private source whatsoever;

(14)      To enter into and perform contracts and agreements with other public transportation authorities pursuant to the provisions of N.C. Gen. Stat. § 160A-460 through 160A-464 of Part 1 of Article 20 of Chapter 160A of the N.C. Gen. Stat.; in addition, to enter into and perform contracts with other units of local government when specifically authorized by the governing body, pursuant to the provisions of N.C. Gen. Stat. § 160A-460 through 160A-464 of Part 1 of Article 20 of Chapter 160A of the N.C. Gen. Stat.;

(15)      To do all things necessary or convenient to carry out its purpose and to exercise the powers granted to the authority. (1977, c. 465; 1979, 2nd Sess., c. 1247, s. 45.)