                                 CODE OF VIRGINIA

POWERS OF AUTHORITY (§ 15.2-6553)

The Authority shall have the following powers together with all powers
incidental thereto or necessary for the performance of those hereafter stated:

1. To sue and be sued and to prosecute and defend, at law or in equity, in any
court having jurisdiction of the subject matter and of the parties;

2. To adopt and use a corporate seal and to alter the same at its pleasure;

3. To contract and be contracted with;

4. To employ and pay compensation to such employees and agents, including
attorneys, as the board deems necessary in carrying on the business of the
Authority;

5. To establish bylaws and make all rules and regulations, not inconsistent with
the provisions of this chapter, deemed expedient for the management of the
Authority&#8217;s affairs;

6. To borrow money and to accept contributions, grants, and other financial
assistance from the United States of America and agencies or instrumentalities
thereof, the Commonwealth, or any political subdivision, agency, or public
instrumentality of the Commonwealth;

7. To issue bonds in accordance with applicable law;

8. To receive and expend moneys on behalf of tourist train development; and

9. To cooperate with any private or governmental entity in the state of West
Virginia in the development of a tourist train.

HISTORY: 2014, c. 608.