An authority may:

1. (a) Sue and be sued.
2. (b) Have a seal and alter it.
3. (c) Have perpetual succession.
4. (d) Make and execute contracts and other instruments necessary or convenient to the exercise of its powers.
5. (e) Make, amend, and repeal by-laws and regulations, not inconsistent with this chapter, to carry into effect the powers and purposes of the authority.