Vermont § 216 - Authority; general powers The Authority is hereby authorized:

§ 216. Authority; general powers The Authority is hereby authorized:

• (1) To sue and be sued in its own name and plead and be impleaded; service of process
  upon it in any action shall be made by service upon the Secretary of State either
  in hand or by leaving a copy of the process at the Secretary’s office. (2) To adopt an official seal and alter the same. (3) To adopt and from time to time amend bylaws and rules for the calling and conduct
  of its meetings and for the conduct of its affairs, including rules, policies, and
  procedures relating to applications for financial assistance and disclosure of information
  supplied to it. (4) To establish reasonable priorities among the types and locations of projects to be
  undertaken or aided under this chapter, and to use its discretion in the selection
  and combining of programs to be utilized in the undertaking or aiding of such projects. (5) To maintain its principal office in Washington County and other offices at such place
  or places as it may designate. (6) To employ such employees, who may be in the classified system under 3 V.S.A. chapter 13 within the discretion of the Authority, and to employ or contract with agents, consultants,
  legal advisors, and other experts, as may be necessary or desirable for its purposes,
  to determine the qualifications, duties, and compensation of such employees, agents,
  consultants, legal advisors, and experts and to utilize the services of other governmental
  agencies and departments. (7) To contract with the State of Vermont or any agency or political subdivision thereof,
  public corporations or bodies, private corporations, or individuals for any purposes
  related to industrial development. (8) To borrow money, make and issue negotiable bonds, notes, commercial paper, and give
  other evidences of indebtedness or obligations, and give security therefor, including
  the sale, assignment, or pledge of the Authority’s interest in loans