To acquire, furnish, equip, own, improve, enlarge, operate and maintain a building or buildings, automobile parking lots or structures, recreational facilities, stadiums and any other properties and facilities used for any legitimate public purpose.
The authority is a corporate body with power to sue and be sued and possesses all powers necessary to carry out its purposes. It can enter into contracts to acquire property, improve it with buildings and structures and lease it to the incorporating unit for a period of up to 50 years. It may issue revenue bonds funded by rental monies. After all bonds have been retired, the authority must convey the property to the township that incorporated the authority.