In carrying out its purposes, the authority shall have the following powers:
(a) To adopt a name and seal and to alter the same from time to time;
(b) To sue and be sued;
(c) To acquire, hold and dispose of real and personal property, or interests therein, within or without its territory, and to establish, operate and maintain facilities on any such real property, whether a fee simple or leasehold or other interest is acquired; provided, that no property shall be acquired as a site for disposal facilities without the consent of the city or town council of the city or town in which such property is located, which consent may not be revoked, and provided further that a rental obligation shall not be deemed indebtedness subject to the limit set forth in section 11(b) [subsec. (b) of § 11] hereof;
(d) To make or cause to be made such surveys and borings as it may deem necessary;
(e) To engage architectural, engineering, legal, accounting and other professional services;
(f) To make contracts;
(g) To employ personnel and fix their rates of compensation;
(h) To retain firms or corporations to provide management or operating services to the authority; provided, that any contract for services under this subparagraph shall be for a term of not more than two years or shall be subject to annual or biennial renewal or cancellation by the authority;
(I) To borrow money and issue its bonds and notes as hereinafter provided;
(j) To apply and contract for and to expend assistance from the United States or other sources, whether in the form of a grant or loan or otherwise;
(k) To adopt and amend by-laws for the regulation of its affairs and the conduct of its business;
(l) To adopt a fiscal year and to alter the same from time to time; and
(m) To exercise such other powers as may be necessary or incidental to the exercise of the foregoing powers or to the accomplishment of the purposes of the authority. (P.L. 1969, ch. 110, § 4.)