The Commission shall have plenary power and authority to:
(A) Sue and be sued;
(B) Contract and be contracted with;
(C) Adopt, use and alter a common seal;
(D) Make and adopt all necessary, appropriate and lawful by-laws and rules and regulations pertaining to its affairs;
(E) Elect such officers, appoint such committees and agents and employ and fix the compensation of such employees and contractors as may be necessary for the conduct of the affairs and operations of the Commission;
(F) Acquire, purchase, own and hold any property, real or personal; and acquire, construct, equip, maintain and operate public buildings, structures, projects and appurtenant facilities of any type for which the governmental body or bodies creating such Commission are permitted by law to expend public funds (all hereinafter in this subchapter referred to as facilities);
(G) Apply for, receive and use grants-in-aid, donations and contributions from any source, including, but not limited to, the United States of America or any department or agency thereof, and accept and use bequests, devices, gifts and donations from any source whatsoever;
(H) Sell, encumber or dispose of any property, real or personal;
(I) Issue negotiable bonds, notes, debentures or other evidences of indebtedness and provide for the rights of the holders thereof, incur any proper indebtedness and issue any obligations and give any security therefor which it may deem necessary or advisable in connection with exercising powers as provided herein;
(J) Raise funds by the issuance and sale of revenue bonds in the manner provided by the applicable provisions of W.Va. Code Ch. 8, Art. 16, and to the extent provided by § 33.079, without regard to the limitations specified in said W.Va. Code Ch. 8, Art. 16, and the Commission is hereby declared to be a “governing body” as that term is used in W.Va. Code Ch. 8, Art. 16 only;
(K) Exercise the power of eminent domain in the manner provided for in W.Va. Code Ch. 54 for business corporations, for the purposes set forth in division (F) above, which purposes are hereby declared public purposes for which private property may be taken;
(L) Lease its property or any part thereof, for public purposes, to such persons and upon such terms as the Commission deems proper, but when the city is a lessee under any such lease, such lease must contain a provision granting the city the option to terminate such lease during any fiscal year covered thereby; and
(M) Do all things reasonable and necessary to carry out the foregoing powers.
(1991 Code, § 2-50) (Ord. passed 9-5-1976)