The authority has the following powers to:
(1) have perpetual succession;
(2) sue and be sued;
(3) adopt, use, and alter a corporate seal;
(4) define a quorum for its meetings;
(5) maintain a principal office, which shall be located in Bennettsville;
(6) make bylaws for the management and regulation of its affairs;
(7) acquire, hold, and manage real estate;
(8) make contracts of all sorts and to execute all instruments necessary or convenient for the carrying on of the business of the authority; and
(9) do all other acts and things necessary or convenient to carry out any function or power committed or granted to the authority.