175.6 - GENERAL POWERS.
175.6 GENERAL POWERS.
The authority has all of the general powers needed to carry out
its purposes and duties, and to exercise its specific powers,
including but not limited to the power to:
1. Issue its negotiable bonds and notes as provided in this
chapter in order to finance its programs.
2. Sue and be sued in its own name.
3. Have and alter a corporate seal.
4. Make and alter bylaws for its management consistent with the
provisions of this chapter.
5. Make and execute agreements, contracts and other instruments,
with any public or private entity, including but not limited to, any
federal governmental agency or instrumentality. The authority may
make and execute contracts with any firm of independent certified
public accountants to prepare an annual report on behalf of the
authority. The authority may make and execute contracts with
mortgage lenders for the servicing of mortgage and secured loans.
All political subdivisions, other public agencies and state agencies
may enter into contracts and otherwise co-operate with the authority.
6. Acquire, hold, improve, mortgage, lease and dispose of real
and personal property, including but not limited to, the power to
sell at public or private sale, with or without public bidding, any
property, mortgage or secured loan or other obligation held by it.
7. Procure insurance against any loss in connection with its
operations and property interests, including pool insurance on any
group of mortgage or secured loans.
8. Fix and collect fees and charges for its services.
9. Subject to an agreement with bondholders or noteholders,
invest or deposit moneys of the authority in a manner determined by
the authority, notwithstanding chapter 12B or 12C.
10. Accept appropriations, gifts, grants, loans, or other aid
from public or private entities. A record of all gifts or grants,
stating the type, amount and donor, shall be clearly set out in the
authority's annual report along with the record of other receipts.
11. Provide to public and private entities technical assistance
and counseling related to the authority's purposes.
12. In co-operation with other local, state or federal
governmental agencies or instrumentalities, conduct studies of
beginning farmer or agricultural producer agricultural needs, and
gather and compile data useful to facilitate decision making.
13. Contract with architects, engineers, attorneys, accountants,
housing construction and finance experts, and other advisors or enter
into contracts or agreements for such services with local, state or
federal governmental agencies.
14. Make, alter and repeal rules consistent with the provisions
of this chapter, and subject to chapter 17A. Section History: Early Form
[C54, 58, 62, 66, 71, 73, 75, 77, 79, § 234.18; C81, § 175.6] Section History: Recent Form
84 Acts, ch 1230, § 1; 87 Acts, ch 52, § 3
Referred to in § 175.13A