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 bylaws 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) (1) Acquire, purchase, own and hold any property, real or personal, and
(2) Acquire, construct, equip, maintain and operate public buildings, structures, projects and appurtenant facilities, of any type or types which the City creating such Commission is permitted by law to expend public funds (all hereinafter in this article referred to as facilities);
(g) Apply for, receive and use grants-in-aid, donations and contributions from any source or sources, including, but not limited to, the United States of America, or any department or agency thereof, and accept and use bequests, devises, 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 of sale of revenue bonds in the manner and subject to the limitations provided by the applicable provisions of West Virginia Code.
(k) Exercise the power of eminent domain in the manner provided in the West Virginia Code, but only after consent and approval by resolution of City Council.
(1) Lease its property or any part thereof, for public purposes, to such persons and upon such terms as the commission deems proper, but when any municipality or county commission is a lessee under any such lease, such lease must contain a provision granting to such municipality or county commission the option to terminate such lease during a fiscal year covered thereby; and
(m) Do all things reasonable and necessary to carry out the foregoing powers.
(Passed 7-15-14.)