Section 40567 Of Article 5. Powers From California Government Code >> Division 3. >> Title 4. >> Part 2. >> Chapter 19. >> Article 5.
40567
. The authority may:
(a) Purchase, lease, obtain option upon, acquire by contract or
grant, any real property as defined in Section 40517 or personal
property within or contiguous to the local agency, or any interest
in, or improvements on, such property.
(b) Sell, lease, exchange, transfer, assign, subdivide, pledge by
mortgage, deed of trust, or otherwise dispose of any real or personal
property or any interest in such property.
(c) Maintain and operate any property acquired by it, for any
public purpose.
(d) Lay out, open, extend, widen, straighten, establish, or change
the grade, and improve, in whole or in part, of rights-of-way
necessary or convenient for such property.
(e) Clear buildings, structures or other improvements from the
property.
(f) Develop the property or any part thereof as a building site,
including but not limited to grading, shaping, cutting and filling,
locating and relocating public streets and places therein, and the
installation of street improvements therein or therefor.
(g) Rent, maintain, manage, operate, improve and repair property.
(h) Insure, or provide for the insurance of, any real or personal
property or the operation thereof against risks and hazards, and
against the liabilities of the authority, its officers, agents and
employees.
(i) Borrow money and hypothecate property and revenues as security
therefor.