There is hereby created a body corporate and
politic to be known as the "Housing Authority of the Borough of Glassboro."
The Authority shall constitute a public body
corporate and politic, exercising public and essential governmental
functions and having all the powers necessary or convenient to carry
out and effectuate the purposes and provisions allowed by law, including
the following powers in addition to others herein granted:
A. To sue and be sued; to have a seal and to alter the
same at pleasure; to have perpetual succession: to make and execute
contracts and other instruments necessary or convenient to the exercise
of the powers of the Authority; and to make and from time to time
amend and repeal bylaws, rules and regulations, not inconsistent with
the state laws, to carry into effect the powers and purposes of the
Authority.
B. Within the Borough of Glassboro, to prepare, carry
out, acquire, lease and operate housing projects; to provide for the
construction, reconstruction, improvement, alteration or repair of
any housing project or any part thereof.
C. To arrange or contract, in the manner now prescribed
by law concerning municipalities, except as otherwise provided by
the rules or regulations of the federal government, for the furnishing
by any person or agency, public or private, of services, privileges,
works or facilities for or in connection with a housing project or
the occupants thereof; and (notwithstanding anything to the contrary)
to agree to any conditions attached to federal financial assistance
relating to the determination of prevailing salaries or wages or to
payment of not less than prevailing salaries or wages or to compliance
with labor standards in the development or administration of projects,
and to include, in any contract let in connection with a project,
stipulations requiring that the contractor and any subcontractors
comply with requirements as to minimum wages and maximum hours of
labor and comply with any conditions which the federal government
may have attached to its financial aid of the project.
D. To lease or rent any dwellings, houses, accommodations,
lands, buildings, structures or facilities embraced in any housing
project, and (subject to the limitations of state law) to establish
and revise the rents or charges therefor; to own, hold and improve
real or personal property; to purchase, lease, obtain options upon,
acquire by gift, grant, bequest, devise or otherwise, any real or
personal property or any interest, therein; to acquire, by the exercise
of the power of eminent domain, any real property; to sell, lease,
exchange, transfer, assign, pledge or dispose of any real or personal
property or any interest therein; to insure or provide for the insurance
of any real or personal property or operations of the Authority against
any risks or hazards; to procure or agree to the procurement of insurance
or guaranties from the federal government of the payment of any bonds
or parts thereof issued by an authority, including the power to pay
premiums on any such insurance.
E. To invest any funds held in reserve or sinking funds,
or any funds not required for immediate disbursement, in property
or securities in which savings banks may legally invest funds subject
to their control; to purchase its bonds at a price not more than the
principal amount thereof and accrued interest, all bonds so purchased
to be canceled.
F. Within the Borough of Glassboro, to investigate into
living, dwelling and housing conditions and into the means and methods
of improving such conditions; to determine where slum areas exist
or where there is a shortage of decent, safe and sanitary dwelling
accommodations for persons of low income; to make studies and recommendations
relating to the problem of clearing, replanning and reconstructing
of slum areas, and the problem of providing dwelling accommodations
for persons of low income, and to cooperate with any public body in
action taken in connection with such problems; and to engage in research,
studies and experimentation on the subject of housing.
G. To issue bonds for any of its corporate purposes;
to issue refunding bonds for the purpose of paying or retiring bonds
previously issued to it; to issue bonds on which the principal and
interest are payable exclusively from the income and revenues of the
housing project financed with the proceeds of such bonds; to issue
bonds on which the principal and interest are payable exclusively
from the income and revenue of certain designated housing projects,
whether or not they are financed in whole or in part with the proceeds
of such bonds; to issue bonds on which the principal and interest
are payable from revenues generally.
H. To adopt, initiate and carry out redevelopment projects
within the Borough of Glassboro; to exercise all necessary and legal
powers and duties pursuant thereto.
I. To exercise all or any part or combination of powers
granted by law.