In furtherance of its corporate powers, the corporation
shall have in general all powers granted to it pursuant to said Not-For-Profit
Corporation Law as amended, including but not limited to the power to construct,
acquire, rehabilitate and improve for use by others industrial, manufacturing,
research, warehousing, commercial or retail plants or facilities in the territory
in which its operations are principally to be conducted; to assist financially
in such construction, acquisition, rehabilitation and improvement; to maintain
such plants for others in such territory; to disseminate information and furnish
advice, technical assistance and liaison with federal, state and local authorities
with respect thereto; to acquire by purchase, lease, gift, bequest, devise
or otherwise real or personal property or interests therein; to borrow money
and to issue negotiable bonds, notes and other obligations therefor and, notwithstanding
§ 510 of said Not-For-Profit Corporation Law, disposition of all
or substantially all assets, without leave of the court, to sell, lease, mortgage
or otherwise dispose of or encumber any such plants or any of its real or
personal property or any interest therein upon such terms as it may determine
and, in connection with loans from the New York job development authority,
to enter into covenants and agreements and to comply with all the terms, conditions
and provisions thereof and otherwise to carry out its corporate purposes and
to foster and encourage the location or expansion of industrial, manufacturing,
research, warehousing, commercial or retail plants or facilities in the territory
in which the operations of the corporation are principally to be conducted;
to enter into and carry out contracts; to solicit contributions, charitable
and noncharitable, to be used for the corporate purposes; and to do all acts
necessary or convenient for the attainment of the corporate purposes; provided,
however, that the corporation shall not attempt to influence legislation by
propaganda or otherwise or participate or intervene, directly or indirectly,
in any political campaign on behalf of or in opposition to any candidate for
public office.