(a) sue and be sued;

(b) have a seal and alter the same at pleasure;

(c) make and alter by-laws for its organization and internal management and make rules and regulations governing the use of its property and facilities;

(d) make and execute contracts and all other instruments necessary or convenient for the exercise of its powers and functions under this section;

(e) acquire, hold and dispose of real or personal property for its corporate purposes;

(f) engage the services of private consultants on a contract basis for rendering professional and technical assistance and advice;

(g) procure insurance against any loss in connection with its activities, properties and other assets in such amount and from such insurers as it deems desirable;

(h) appoint officers, agents and employees, prescribe their duties and qualifications and fix their compensation subject to the provisions of the civil service law and the rules of the civil service commission of the city;

(i) invest any funds, or other monies under its custody and control in the same manner as the corporation; and

(j) to do any and all things necessary or convenient to carry out its purposes and exercise the powers expressly given and granted in this section. 7. The subsidiary corporation and its corporate existence shall continue until terminated by law. Upon termination of the existence of the subsidiary corporation all of its rights and properties shall pass to and be vested in the city. No such termination shall take effect as long as obligations of the subsidiary corporation remain outstanding. 8. The city and the corporation shall have the power to transfer to such subsidiary corporation agents, employees and facilities of the city or corporation to enable it to fulfill the purposes of this section.