New Jersey § 32:11d-87

§ 32:11d-87.

(a) The commission, for the purposes of this compact, may: (1) Adopt and use a corporate seal, enter into contracts, sue and be sued in all courts

of competent jurisdiction; (2) Receive and accept such payments, appropriations, grants, gifts, loans, advances

and other funds, properties and services as may be transferred or made available to

it by any signatory party or by any other public or private corporation or individual,

and enter into agreements to make reimbursement for all or part thereof; (3) Provide for, acquire and adopt detailed engineering, administrative, financial

and operating plans and specifications to effectuate, maintain or develop any facility

or project; (4) Control and regulate the use of facilities owned or operated by the commission; (5) Acquire, own, operate, maintain, control, sell and convey real and personal property

and any interest therein by contract, purchase, lease, license, mortgage or otherwise

as it may deem necessary for any project or facility, including any and all appurtenances

thereto necessary, useful or convenient for such ownership, operation, control, maintenance

or conveyance; (6) Have and exercise all corporate powers essential to the declared objects and purposes

of the commission. (b) The commissioners, subject to the provisions of this compact, shall: (1) Serve as the governing body of the commission, and exercise and discharge its

powers and duties except as otherwise provided by or pursuant to this compact; (2) Determine the character of and the necessity for its obligations and expenditures

and the manner in which they shall be incurred, allowed, and paid subject to any provisions

of law specifically applicable to agencies or instrumentalities created by compact; (3) Provide for the internal organization and administration of the commission; (4) Appoint the principal officers of the commission and delegate to and allocate

among them administrative functions, powers and duties; (5) Create and abolish offices, employments and positions as it deems necessary for

the purposes of the commission, and subject to the provisions of this article, fix

and provide for the qualification, appointment, removal, term, tenure, compensation,

pension and retirement rights of its officers and employees; (6) Let and execute contracts to carry out the powers of the commission.