Acquire, hold and dispose of personal property, including the stock of other corporations, for its corporate purpose.

Enter into contracts with the county of Putnam and all incorporated cities therein.

Make contracts and execute all instruments necessary or convenient, including contracts for construction, lease, rental and sale projects or contracts with respect to use of projects which it erects or acquires.

Issue revenue bonds or other debt obligations repayable solely from revenues derived from the sale, operation, or leasing of projects or other payments received under financing agreements with respect thereto, subject to the approval or disapproval of the commission pursuant to s. 125.01(1)(z).

Exercise all the powers in connection with the authorization, issuance, and sale of revenue bonds to finance the cost of projects conferred on counties, municipalities, special districts, and other local governmental bodies by the Florida Industrial Development Financing Act. All of the privileges, benefits, powers, and terms of that act shall be fully applicable to authorities created pursuant to s. 159.45. Industrial development revenue bonds may be authorized, issued, and sold by authorities in compliance with the criteria and requirements set forth in the Florida Industrial Development Financing Act.

Do all things necessary or expedient to facilitate its business as outlined in Florida Statutes and

Perform such powers and duties as may from time to time be authorized by the state legislature.