N.Y. PBA Law § 1599-FFF — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-FFF
Conveyance of property by the village to the authority; acquisition of property by the village or by the authority
Status: in_force

* § 1599-fff. Conveyance of property by the village to the authority;\nacquisition of property by the village or by the authority. (a) The\nvillage may, by resolution or resolutions of the board of trustees or by\ninstruments authorized by such resolutions, convey, with or without\nconsideration, to the authority real and personal property owned by the\nvillage for use by the authority as a project or projects or a part\nthereof. In case of real property so conveyed, the title thereto shall\nremain in the village but the authority shall have the use and occupancy\nthereof for so long as its corporate existence shall continue. In the\ncase of personal property so conveyed, the title shall pass to the\nauthority.\n  (b) The village may acquire in the name of the village by purchase or\ncondemnation real property in the village for any of the projects or for\nthe widening of existing roads, streets, avenues or highways, or for new\nroads, streets, avenues or highways, within a radius of one mile to any\nof the projects, or partly for such purposes and partly for other\nvillage purposes, by purchase or condemnation in the manner provided by\nlaw for the acquisition of real property by the village. For like\npurposes, the village may close such streets, roads, avenues, or\nhighways as may be necessary or convenient, except as to state highways\nand arterial ways which may not be closed without the consent of the\nstate commissioner of transportation.\n  (c) Contracts may be entered into between the village and the\nauthority providing for the property to be conveyed by the village to\nthe authority, the additional property to be acquired by the village and\nso conveyed, the streets, roads, avenues, and highways to be closed by\nthe village and the amounts, terms and conditions of payment to be made\nby the authority. Such contracts may also contain covenants by the\nvillage as to the road, street, avenue and highway improvements to be\nmade by the village. Any such contracts between the village and the\nauthority may be pledged by the authority to secure its bonds and may\nnot be modified thereafter except as provided by the terms of the\npledge. The board of trustees may authorize such contracts between the\nvillage and the authority and no other authorization on the part of the\nvillage for such contracts shall be necessary. Any such contracts may be\nso authorized and entered into by the village and in such manner as the\nboard of trustees may determine, and the payments required to be made by\nthe village may be made and financed notwithstanding that no provision\ntherefor shall have first been made in the capital budget of the\nvillage. All contractual or other obligations of the village incurred in\ncarrying out the provisions of this title shall be included in and\nprovided for by each capital budget of the village thereafter made, if\nand to the extent that they may appropriately be included therein.\n  (d) Subject to the provisions of subsection (d) of section fifteen\nhundred ninety-nine-ccc hereof, the authority may itself acquire real\nproperty for a project in the name of the village at the cost and\nexpense of the authority by purchase or condemnation pursuant to the\ncondemnation law or pursuant to the laws relating to the condemnation of\nland by the village. The authority shall have the use and occupancy of\nsuch real property so long as its corporate existence shall continue.\n  (e) In case the authority shall have the use and occupancy of any real\nproperty which it shall determine is no longer required for a project\nthen, if such real property was acquired at the cost and expense of the\nvillage, the authority shall have power to surrender its use and\noccupancy thereof to the village, or, if such real property was acquired\nat the cost and expense of the authority, then the authority shall have\npower to sell, lease or otherwise dispose of said real property at\npublic or private sale, and shall retain and have the power to use the\nproceeds of sale, rentals, or other moneys derived from the disposition\nthereof for its purposes.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-fff's\n
N.Y. PBA Law § 1599-HHH*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-HHH*2
Moneys of the authority
Status: in_force

* § 1599-hhh. Moneys of the authority. All moneys of the authority\nshall be paid to the city comptroller of the city as agent of the\nauthority, who shall not commingle such moneys with any other moneys.\nSuch moneys shall be deposited in a separate bank account or accounts.\nThe moneys in such accounts shall be paid out by the city comptroller on\nrequisition of the chairman of the authority or of such other person or\npersons as the authority may authorize to make such requisitions after\naudit by the city comptroller. All deposits of such moneys shall, if\nrequired by the city comptroller or the authority, be secured by\nobligations of the United States or of the state of New York of a market\nvalue equal at all times to the amount of the deposit, and all banks and\ntrust companies are authorized to give such security for such deposits.\nThe city comptroller and his legally authorized representatives are\nauthorized and empowered from time to time to examine the accounts and\nbooks of the authority, including its receipts, disbursements,\ncontracts, leases, sinking funds, investments and any other records and\npapers relating to its financial standing. The authority shall have\npower, notwithstanding the provisions of this section, to contract with\nthe holders of any of its bonds as to the custody, collection, securing,\ninvestment and payment of any moneys of the authority or any moneys held\nin trust or otherwise for the payment of bonds or in any way to secure\nbonds, and to carry out any such contract notwithstanding that such\ncontract may be inconsistent with the previous provisions of this\nsection. Moneys held in trust or otherwise for the payment of bonds or\nin any way to secure bonds and deposits of such moneys may be acquired\nin the same manner as moneys of the authority, and all banks and trust\ncompanies are authorized to give such security for such deposits.\n  The accounts of the authority shall be subject to the supervision of\nthe state comptroller.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-hhh's\n
N.Y. PBA Law § 1599-SSS — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-SSS
Title not affected if in part unconstitutional or ineffective
Status: in_force

* § 1599-sss. Title not affected if in part unconstitutional or\nineffective. If any section, clause or provision of this title shall be\nunconstitutional or be ineffective in whole or in part, to the extent\nthat it is not unconstitutional or ineffective, it shall be valid and\neffective and no other section, clause or provision shall on account\nthereof be deemed invalid or ineffective.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-sss's\n
N.Y. PBA Law § 1599-LLL*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-LLL*2
State and city not liable on bonds
Status: in_force

* § 1599-lll. State and city not liable on bonds. The bonds and other\nobligations of the authority shall not be a debt of the state of New\nYork or of the city, and neither the state nor the city shall be liable\nthereon, nor shall they be payable out of any funds other than those of\nthe authority.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-lll's\n
N.Y. PBA Law § 1599-III*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-III*2
Bonds of the authority
Status: in_force

* § 1599-iii. Bonds of the authority. 1. The authority shall have the\npower and is hereby authorized from time to time to issue its negotiable\nbonds for any purposes mentioned in section one thousand five hundred\nninety-nine-ddd of this title, including the acquisition, construction,\nreconstruction and repair of personal and real property of all kinds\ndeemed by the board to be necessary or desirable to carry out such\npurpose, as well as to pay such expenses as may be deemed by the board\nnecessary or desirable to the financing thereof and placing the project\nor projects in operation in the aggregate principal amount of not\nexceeding three million dollars outstanding at any one time. The\nauthority shall have power from time to time whenever it deems refunding\nexpedient, to refund any bonds by the issuance of new bonds whether the\nbonds to be refunded have or have not matured, and may issue bonds\npartly to refund bonds then outstanding and partly for any other purpose\nhereinabove described. The refunding bonds may be exchanged for the\nbonds to be refunded, with such cash adjustments as may be agreed, or\nmay be sold and the proceeds applied to the purchase or payment of the\nbonds to be refunded. In computing the total amount of bonds of the\nauthority which may at any time be outstanding the amount of the\noutstanding bonds to be refunded from the proceeds of the sale of new\nbonds or by exchange for new bonds shall be excluded. Except as may\notherwise be expressly provided by the authority, the bonds of every\nissue shall be general obligations of the authority payable out of any\nmoneys or revenues of the authority, subject only to any agreements with\nthe holders of particular bonds pledging any particular moneys or\nrevenues. Notwithstanding the fact that the bonds may be payable from a\nspecial fund, if they are otherwise of such form and character as to be\nnegotiable instruments under the terms of the negotiable instruments law\n(constituting chapter thirty-seven of the consolidated laws) the bonds\nshall be and are hereby made negotiable instruments within the meaning\nof and for all the purposes of the negotiable instruments law, subject\nonly to the provisions of the bonds for registration.\n  2. The bonds shall be authorized by resolution of the board and shall\nbear such date or dates, mature at such time or times, not exceeding\nthirty years from their respective dates, bear interest at such rate or\nrates, not exceeding seven per centum per annum payable annually or\nsemi-annually, be in such denominations, be in such forms, either coupon\nor registered, carry such registration privileges, be executed in such\nmanner, be payable in lawful money of the United States of America at\nsuch place or places, and be subject to such terms of redemption, as\nsuch resolution or resolutions may provide. The bonds may be sold at\npublic or private sale for such price or prices as the authority shall\ndetermine.\n  3. Any resolution or resolutions authorizing any bonds or any issue of\nbonds may contain provisions, which shall be a part of the contract with\nthe holders of the bonds thereby authorized, as to:\n  (a) pledging all or any part of the revenues of a project or projects\nto secure the payment of the bonds, subject to such agreements with\nbondholders as may then exist;\n  (b) the rentals, fees and other charges to be charged, and the amounts\nto be raised in each year thereby, and the use and disposition of the\nrevenues;\n  (c) the setting aside of reserves or sinking funds, and the regulation\nand disposition thereof;\n  (d) limitations on the right of the authority to restrict and regulate\nthe use of a project;\n  (e) limitations on the purpose to which the proceeds or sale of any\nissue of bonds then or thereafter to be issued may be applied and\npledging such proceeds to secure the payment of the bond or of any issue\nof the bonds;\n  (f) limitations on the issuance of additional bonds; the terms upon\nwhich additional bonds may be issued and secured; the refunding of\noutstanding or other bonds;\n  (g) the procedure, if any, by which the terms of any contract with\nbondholders may be amended or abrogated, the amount of bonds the holders\nof which must consent thereto and the manner in which such consent may\nbe given;\n  (h) limitations on the amount of moneys derived from a project to be\nexpended for operating, administrative or other expenses of the\nauthority;\n  (i) vesting in a trustee or trustees such property, rights, powers and\nduties in trust as the authority may determine which may include any or\nall of the rights, powers and duties of the trustee appointed by the\nbondholders pursuant to section one thousand five hundred\nninety-nine-ppp of this title hereof, and limiting or abrogating the\nright of the bondholders to appoint a trustee under said section or\nlimiting the rights, duties and powers of such trustee;\n  (j) any other matters, of like or different character, which in any\nway affect the security or protection of the bonds.\n  4. It is the intention hereof that any pledge of revenues or other\nmoneys made by the authority shall be valid and binding from the time\nwhen the pledge is made; that the revenues or other moneys so pledged\nand thereafter received by the authority shall immediately be subject to\nthe lien of such pledge without any physical delivery thereof or further\nact; and that the lien of any such pledge shall be valid and binding as\nagainst all parties having claims of any kind in tort, contract or\notherwise against the authority irrespective of whether such parties\nhave notice thereof. Neither the resolution nor any other instrument by\nwhich a pledge is created need be recorded.\n  5. Neither the members of the authority nor any person executing the\nbonds shall be liable personally on the bonds or be subject to any\npersonal liability or accountability by reason of the issuance thereof.\n  6. The authority shall have power out of any funds available therefor\nto purchase bonds. The authority may hold, cancel or resell such bonds,\nsubject to and in accordance with agreements with bondholders.\n  7. In the discretion of the authority, the bonds may be secured by a\ntrust indenture by and between the authority and a corporate trustee,\nwhich may be any trust company or bank having the powers of a trust\ncompany in the state of New York. Such trust indenture may contain such\nprovisions for protecting and enforcing the rights and remedies of the\nbondholders as may be reasonable and proper and not in violation of law,\nincluding covenants setting forth the duties of the authority in\nrelation to the construction, maintenance, operation, repair and\ninsurance of the project or projects, and the custody, safeguarding and\napplication of all moneys, and may provide that the project or projects\nshall be constructed and paid for under the supervision and approval of\nconsulting engineers. Notwithstanding the provisions of section one\nthousand five hundred ninety-nine-hhh of this title, the authority may\nprovide by such trust indenture for the payment of the proceeds of the\nbonds and the revenues of the project or projects to the trustee under\nsuch trust indenture or other depository, and for the method of\ndisbursement thereof, with such safeguards and restrictions as it may\ndetermine. All expenses incurred in carrying out such trust indenture\nmay be treated as a part of the cost of maintenance, operation, and\nrepairs of the project or projects. If the bonds shall be secured by a\ntrust indenture, the bondholders shall have no authority to appoint a\nseparate trustee to represent them, and the trustee under such trust\nindenture shall have and possess all of the powers which are conferred\nby section one thousand five hundred ninety-nine-ooo of this title upon\na trustee appointed by bondholders.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-iii's\n
N.Y. PBA Law § 1599-NNN*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-NNN*2
Tax exemptions
Status: in_force

* § 1599-nnn. Tax exemptions. 1. It is hereby determined that the\ncreation of the authority and the carrying out of its corporate purposes\nis in all respects for the benefit of the people of the city of\nJamestown and its environs, and is a public purpose, and the authority\nshall be regarded as performing a governmental function in the exercise\nof the powers conferred upon it by this title and shall be required to\npay no taxes or assessments upon any of the property acquired by it or\nunder its jurisdiction or control or supervision or upon its activities.\n  2. Any bonds or notes issued pursuant to this title, together with the\nincome therefrom, as well as the property of the authority, shall be\nexempt from taxation, except for transfer and estate taxes.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-nnn's\n
N.Y. PBA Law § 1599-GGG*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-GGG*2
Construction contracts
Status: in_force

* § 1599-ggg. Construction contracts. The authority shall let\ncontracts for construction in the same manner, so far as practicable, as\nis provided by law for contracts of the city except that where the\nestimated expense of a contract does not exceed five thousand dollars,\nsuch contract may be entered into without public letting. Nothing in\nthis section shall be construed to limit the power of the authority to\ndo any construction directly by the officers, agents and employees of\nthe authority.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-ggg's\n
N.Y. GOB Law § 5-1601 — New York Code / Act GOB / Article 5 / Title 16 / Section 5-1601
Definitions
Status: in_force

§ 5-1601. Definitions. As used in this title the following terms shall\nhave the following meanings:\n  1. "Euro" shall mean the currency of participating member states of\nthe European Union that adopt a single currency in accordance with the\ntreaty on European Union signed February seventh, nineteen hundred\nninety-two.\n  2. "Introduction of the euro" shall mean and include the\nimplementation from time to time of economic and monetary union in\nmember states of the European Union in accordance with the treaty on\nEuropean Union signed February seventh, nineteen hundred ninety-two.\n  3. "ECU" or "European Currency Unit" shall mean the currency basket\nthat is from time to time used as the unit of account of the European\nCommunity as defined in European Council Regulation No.  3320/94. When\nthe euro first becomes the monetary unit of participating member states\nof the European Union, references to the ECU in a contract, security or\ninstrument that also refers to such definition of the ECU shall be\nreplaced by references to the euro at a rate of one euro to one ECU.\nReferences to the ECU in a contract, security or instrument without such\na definition of the ECU shall be presumed, unless either demonstrated or\nproven to the contrary by the intention of the parties, to be references\nto the currency basket that is from time to time used as the unit of\naccount of the European Community.\n
N.Y. PBA Law § 1599-KKK*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-KKK*2
Agreements of the city
Status: in_force

* § 1599-kkk. Agreements of the city. 1. The city of Jamestown is\nauthorized to pledge to and agree with the holders of the bonds that the\ncity will not limit or alter the rights hereby vested in the authority\nto acquire, construct, maintain, reconstruct and operate the project or\nprojects, to establish and collect rentals, fees and other charges and\nto fulfill the terms of any agreements made with the holders of bonds or\nin any way impair the rights and remedies of the bondholders, until the\nbonds, together with interest thereon, with interest on any unpaid\ninstallments of interest, and all costs and expenses in connection with\nany action or proceeding by or on behalf of the bondholders, are fully\nmet and discharged.\n  2. The authority is hereby authorized, in its discretion, for and on\nbehalf of itself and the city of Jamestown, to covenant and agree with\nthe holders of the bonds, with such exceptions and limitations as it may\ndeem in the public interest, that no public parking areas except those\nacquired and operated by the authority will be constructed or operated\nin the city by the city, or by any public benefit or other corporation\nthe members or some of which are elected or are appointed by city\nofficials, except that meters may be installed and operated on public\nstreets of the city, until either (a) the bonds, together with interest\nthereon, interest on any unpaid installments of interest and all costs\nand expenses in connection with any action or proceeding by or on behalf\nof the bondholders are fully met and discharged or (b) principal or\ninterest of any of the bonds shall be overdue and unpaid for a period of\nthree years or more.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-kkk's\n
N.Y. PBA Law § 1599-EEE — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-EEE
Civil service status of officers and employees
Status: in_force

* § 1599-eee. Civil service status of officers and employees. Officers\nand employees of any board, commission or department of the village may\nbe transferred to the authority in accordance with the provisions of the\ncivil service law and shall be eligible for such transfer and\nappointment without examination to offices and positions under the\nauthority. Officers and employees of the village who are members or\nbeneficiaries of any existing pension or retirement system shall\ncontinue to have the rights, privileges, obligations and status with\nrespect to such system or systems as are now prescribed by law, and all\nsuch employees who have been appointed to positions in the service of\nthe village under the rules of the municipal civil service commission of\nthe village shall have the same status with respect thereto after\ntransfer to the authority as they had under their original appointments.\nThe appointment and promotion of all employees of the authority shall be\nmade in accordance with the provisions of the civil service law and the\nrules of the village civil service commission.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-eee's\n
N.Y. PBA Law § 1599-HHH — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-HHH
Moneys of the authority
Status: in_force

* § 1599-hhh. Moneys of the authority. All moneys of the authority\nshall be paid to the treasurer of the village as agent of the authority,\nwho shall not commingle such moneys with any other moneys. Such moneys\nshall be deposited in a separate bank account or accounts. The moneys in\nsuch accounts shall be paid out by the treasurer on requisition of the\nchairman of the authority or of such person or persons as the authority\nmay authorize to make such requisitions after audit by the treasurer.\nAll deposits of such moneys shall, if required by the treasurer or the\nauthority, be secured by obligations of the United States or of the\nstate of New York of a market value equal at all times to the amount of\nthe deposit, and all banks and trust companies are authorized to give\nsuch security for such deposits. The treasurer and his legally\nauthorized representatives are authorized and empowered from time to\ntime to examine the accounts and books of the authority, including its\nreceipts, disbursements, contracts, leases, sinking funds, investments\nand any other records and papers relating to its financial standing. The\nauthority shall have power, notwithstanding the provisions of this\nsection, to contract with the holders of any of its bonds as to the\ncustody, collection, securing, investment and payment of any moneys of\nthe authority or any moneys held in trust or otherwise for the payment\nof bonds or in any way to secure bonds, and to carry out any such\ncontract notwithstanding that such contract may be inconsistent with the\nprevious provisions of this section. Moneys held in trust or otherwise\nfor the payment of bonds or in any way to secure bonds and deposits of\nsuch moneys may be acquired in the same manner as moneys of the\nauthority, and all banks and trust companies are authorized to give such\nsecurity for such deposits. The accounts of the authority shall be\nsubject to the supervision of the state comptroller and he or his\nlegally authorized representatives are hereby authorized and empowered\nfrom time to time to examine the accounts and books of the authority,\nincluding its receipts, disbursements, contracts, sinking funds,\ninvestments and any other matter relating to its financial standing and\nfiscal affairs. The authority shall render a complete annual account of\nits proceedings to the board of trustees at its second meeting in\nSeptember of each and every year.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-hhh's\n
N.Y. PBA Law § 1599-NNN — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-NNN
Tax exemptions
Status: in_force

* § 1599-nnn. Tax exemptions. Any bonds or notes issued pursuant to\nthis title, together with the income therefrom, as well as the property\nof the authority, shall be exempt from taxation, except for transfer and\nestate taxes.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-nnn's\n
N.Y. PBA Law § 1599-OOO*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-OOO*2
Tax contract by the state
Status: in_force

* § 1599-ooo. Tax contract by the state. The state of New York\ncovenants with the purchasers and with all subsequent holders and\ntransferees of bonds or notes issued by the authority pursuant to this\ntitle, in consideration of the acceptance of and payment for the bonds\nor notes that the bonds and notes of the authority issued pursuant to\nthis title and the income therefrom, and all moneys, funds and revenues\npledged to pay or secure the payment of such bonds or notes, shall at\nall times be free from taxation except for estate taxes and taxes on\ntransfers by or in contemplation of death.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-ooo's\n
N.Y. PBA Law § 1599-AAA*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-AAA*2
Short title
Status: in_force

* § 1599-aaa. Short title. This title may be cited as the "Jamestown\nparking authority act".\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-aaa's\n
N.Y. PBA Law § 1599-JJJ — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-JJJ
Notes of the authority
Status: in_force

* § 1599-jjj. Notes of the authority. The authority shall have power\nfrom time to time to issue its negotiable notes in conformity with\napplicable provisions of the uniform commercial code and from time to\ntime to issue renewal notes (herein referred to as notes) maturing not\nlater than five years from their respective original dates in an amount\nnot exceeding at any time one hundred thousand dollars, over and above\nthe amount of bonds authorized by subdivision one of section fifteen\nhundred ninety-nine-iii of this title, for any purpose or purposes for\nwhich bonds may be issued, whenever the authority shall determine that\npayment thereof can be made in full from any moneys or revenues which\nthe authority expects to receive from any source. Such notes may, among\nother things, be issued to provide funds to pay preliminary costs of\nsurveys, plans or other matters relating to any proposed project. The\nauthority may pledge such moneys or revenues (subject to any other\npledge thereof) for the payment of the notes and may in addition secure\nthe notes in the same manner and with the same effect as herein provided\nfor bonds. The notes shall be issued in the same manner as bonds. The\nauthority shall have power to make contracts for the future sale from\ntime to time of the notes, by which the purchasers shall be committed to\npurchase the notes from time to time on terms and conditions stated in\nsuch contracts, and the authority shall have power to pay such\nconsideration as it shall deem proper for such commitments. In case of\ndefault on its notes, or violation of any of the obligations of the\nauthority to the noteholders, the noteholders shall have all the\nremedies provided herein for bondholders.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-jjj's\n
N.Y. PBA Law § 1599-DDD — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-DDD
Purpose and powers of the authority
Status: in_force

* § 1599-ddd. Purpose and powers of the authority. The purpose of the\nauthority shall be to construct, operate and maintain one or more\nprojects in the village. To carry out said purpose, the authority shall\nhave power:\n  (a) To sue and be sued;\n  (b) To have a seal and alter the same at pleasure;\n  (c) To acquire, hold and dispose of personal property for its\ncorporate purposes, including the power to purchase prospective or\ntentative awards in connection with the condemnation of real property;\n  (d) To acquire, in the name of the village by purchase or\ncondemnation, and use necessary real property. All real property\nacquired by the authority by condemnation shall be acquired in the\nmanner provided in the condemnation law or in the manner provided by law\nfor the condemnation of land by the village, and further provided, that\nthe authority shall give the board of trustees of the village written\nnotice of its intent to acquire any land by condemnation, whereupon said\nboard of trustees, within a period of forty-five days after the giving\nof such notice, by resolution voted upon affirmatively by at least four\nmembers of such board of trustees, may determine that such land shall\nnot be so acquired, in which event the authority shall be without\nfurther power to so acquire the same by condemnation;\n  (e) To make by-laws for the management and regulation of its affairs,\nand, subject to agreements with bondholders, for the regulation of the\nproject;\n  (f) With the consent of the village to use agents, employees and\nfacilities of the village, paying to the village its agreed proportion\nof the compensation or costs;\n  (g) To appoint officers, agents and employees, to prescribe their\nqualifications and to fix their compensation; subject, however, to the\nprovisions of the civil service law, as hereinafter provided; to\ndesignate officers and employees, appointed or used by the authority, as\nhereinabove specified, who shall be empowered to issue appearance\ntickets as provided for in article one hundred fifty of the criminal\nprocedure law. Persons so designated are hereby authorized to issue and\nserve such tickets for traffic infractions relating to parking within\n"project" areas as defined herein, in accordance with law and when\nauthorized by local law of the town of Mount Kisco or the village to\nissue and serve such tickets for traffic infractions committed anywhere\nin such town or such village including at parking spaces controlled by\nparking meters;\n  (h) To appoint an attorney, who may be the village attorney, and to\nfix his compensation;\n  (i) To make contracts and leases, and to execute all instruments\nnecessary or convenient;\n  (j) To construct such buildings, structures and facilities as may be\nnecessary;\n  (k) To reconstruct, improve, maintain and operate the projects;\n  (l) To accept grants, loans or contributions from the United States,\nthe state of New York, or any agency or instrumentality of either of\nthem, or the village, or an individual, by bequest or otherwise, and to\nexpend the proceeds for any purposes of the authority;\n  (m) To fix and collect rentals, fees and other charges for the use of\nthe projects or any of them subject to and in accordance with such\nagreements with bondholders as may be made as hereinafter provided;\n  (n) To construct, operate or maintain in the projects all facilities\nnecessary or convenient in connection therewith; and to contract for the\nconstruction, operation or maintenance of any parts thereof or for\nservices to be performed; to rent parts thereof, and grant concessions,\nall on such terms and conditions as it may determine; provided, however,\nthat neither the authority, the village of Mount Kisco, or any agency of\nthe authority or village, or any other person, firm or corporation\nshall, within or on any property comprising a part of any project\nauthorized by this title, sell, dispense or otherwise handle any product\nused in or for the servicing of any motor vehicle using any project or\nfacility authorized by this title.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-ddd's\n
N.Y. PBA Law § 1599-LLL — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-LLL
State and village not liable on bonds
Status: in_force

* § 1599-lll. State and village not liable on bonds. The bonds and\nother obligations of the authority shall not be a debt of the state of\nNew York or of the village, and neither the state nor the village shall\nbe liable thereon, nor shall they be payable out of any funds other than\nthose of the authority.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-lll's\n
N.Y. GOB Law § 5-1604 — New York Code / Act GOB / Article 5 / Title 16 / Section 5-1604
Application
Status: in_force

§ 5-1604. Application. 1. Notwithstanding the uniform commercial code\nor any other law of this state, this title shall apply to all contracts,\nsecurities and instruments, including contracts with respect to\ncommercial transactions, and shall not be deemed to be displaced by any\nother law of this state.\n  2. In circumstances of currency alteration, other than the\nintroduction of the euro, the provisions of this title shall not be\ninterpreted as creating any negative inference or negative presumption\nregarding the validity or enforceability of contracts, securities or\ninstruments denominated in whole or in part in a currency affected by\nsuch alteration.\n
N.Y. PBA Law § 1599-JJJ*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-JJJ*2
Notes of the authority
Status: in_force

* § 1599-jjj. Notes of the authority. The authority shall have power\nfrom time to time to issue notes and from time to time to issue renewal\nnotes (herein referred to as notes) maturing not later than five years\nfrom their respective original dates in an amount not exceeding at any\ntime two million dollars, over and above the amount of bonds authorized\nby subdivision one of section one thousand five hundred ninety-nine-iii\nof this title, for any purpose or purposes for which bonds may be\nissued, whenever the authority shall determine that payment thereof can\nbe made in full from any moneys or revenues which the authority expects\nto receive from any source. Such notes may, among other things, be\nissued to provide funds to pay preliminary costs of surveys, plans or\nother matters relating to any proposed project. The authority may pledge\nsuch moneys or revenues (subject to any other pledge thereof) for the\npayment of the notes and may in addition secure the notes in the same\nmanner and with the same effect as herein provided for bonds. The notes\nshall be issued in the same manner as bonds. The authority shall have\npower to make contracts for the future sale from time to time of the\nnotes, by which the purchasers shall be committed to purchase the notes\nfrom time to time on terms and conditions stated in such contracts, and\nthe authority shall have power to pay such consideration as it shall\ndeem proper for such commitments. In case of default on its notes, or\nviolation of any of the obligations of the authority to the noteholders,\nthe noteholders shall have all the remedies provided herein for\nbondholders.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-jjj's\n
N.Y. PBA Law § 1599-GGG — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-GGG
Construction contracts
Status: in_force

* § 1599-ggg. Construction contracts. The authority shall let\ncontracts for construction in the same manner, so far as practicable, as\nis provided by law, for contracts of the village, except that where the\nestimated expense of a contract does not exceed twenty-five hundred\ndollars, such contract may be entered into without public letting.\nNothing in this section shall be construed to limit the power of the\nauthority to do any construction directly by the officers, agents and\nemployees of the authority.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-ggg's\n
N.Y. PBA Law § 1599-TTT — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-TTT
Inconsistent provisions in other acts superseded
Status: in_force

* § 1599-ttt. Inconsistent provisions in other acts superseded.\nInsofar as the provisions of this title are inconsistent with the\nprovisions of any other act, general or special, or of any local law of\nthe village, the provisions of this title shall be controlling.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-ttt's\n
N.Y. PBA Law § 1599-III — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-III
Bonds of the authority
Status: in_force

* § 1599-iii. Bonds of the authority. (a) The authority shall have the\npower and is hereby authorized from time to time to issue its negotiable\nbonds in conformity with applicable provisions of the uniform commercial\ncode for any purpose mentioned in section fifteen hundred\nninety-nine-ddd hereof, including the acquisition, construction,\nreconstruction and repair of personal and real property of all kinds\ndeemed by the board to be necessary or desirable to carry out such\npurposes, as well as to pay such expenses as may be deemed by the board\nnecessary or desirable to the financing thereof and placing the project\nor projects in operation in the aggregate principal amount of not\nexceeding twenty-five per cent of the bonded indebtedness limitation\nfrom time to time imposed by section 104.00 of the local finance law\nupon bonded indebtedness of the village outstanding at any one time. The\nauthority shall have power from time to time and whenever it deems\nrefunding expedient, to refund any bonds by the issuance of new bonds,\nwhether the bonds to be refunded have or have not matured, and may issue\nbonds partly to refund bonds then outstanding and partly for any other\npurpose hereinabove described. The refunding bonds may be exchanged for\nthe bonds to be refunded, with such cash adjustments as may be agreed,\nor may be sold and the proceeds applied to the purchase or payment of\nthe bonds to be refunded. In computing the total amount of bonds of the\nauthority which may at any time be outstanding the amount of the\noutstanding bonds to be refunded from the proceeds of the sale of new\nbonds or by exchange for new bonds shall be excluded. Except as may\notherwise be provided by the authority, the bonds of every issue shall\nbe general obligations of the authority payable out of any moneys or\nrevenues of the authority, subject only to any agreements with the\nholders of particular bonds pledging any particular moneys or revenues.\n  (b) The bonds shall be authorized by resolution of the board and shall\nbear such date or dates, mature at such time or times, not exceeding\nthirty years from their respective dates, bear interest at such rate or\nrates, not exceeding six per centum per annum payable annually or\nsemiannually, be in such denominations, be in such form, either coupon\nor registered, carry such registration privileges, be executed in such\nmanner, be payable in lawful money of the United States of America at\nsuch place or places and be subject to such terms of redemption, as such\nresolution or resolutions may provide. The bonds may be sold at public\nor private sale for such price or prices as the authority shall\ndetermine, but which shall not at the time of sale yield more than five\nper centum per annum.\n  (c) Any resolution or resolutions authorizing any bonds or any issue\nof bonds may contain provisions, which shall be a part of the contract\nwith the holders of the bonds thereby authorized, as to\n  (1) pledging all or any part of the revenues of a project or projects\nto secure the payment of the bonds, subject to such agreements with\nbondholders as may then exist;\n  (2) the rentals, fees and other charges to be charged, and the amounts\nto be raised in each year thereby, and the use and disposition of the\nrevenues;\n  (3) the setting aside of reserves or sinking funds, and the regulation\nand disposition thereof;\n  (4) limitations on the right of the authority to restrict and regulate\nthe use of a project;\n  (5) limitations on the purpose to which the proceeds of sale of any\nissue of bonds then or thereafter to be issued may be applied and\npledging such proceeds to secure the payment of the bonds or of any\nissue of the bonds;\n  (6) limitations on the issuance of additional bonds; the terms upon\nwhich additional bonds may be issued and secured; the refunding of\noutstanding or other bonds;\n  (7) the procedure, if any, by which the terms of any contract with\nbondholders may be amended or abrogated, the amount of bonds the holders\nof which must consent thereto, and the manner in which such consent may\nbe given;\n  (8) limitations on the amount of moneys derived from a project to be\nexpended for operating, administrative or other expenses of the\nauthority;\n  (9) vesting in a trustee or trustees such property, rights, powers and\nduties in trust as the authority may determine which may include any or\nall the rights, powers and duties of the trustees appointed by the\nbondholders pursuant to section fifteen hundred ninety-nine-ppp hereof,\nand limiting or abrogating the right of the bondholders to appoint a\ntrustee under said section or limiting the rights, duties and powers of\nsuch trustee;\n  (10) any other matters, of like or different character, which in any\nway affect the security or protection of the bonds.\n  (d) It is the intention hereof that any pledge of revenues or other\nmoneys made by the authority shall be valid and binding from the time\nwhen the pledge is made; that the revenues or other moneys so pledged\nand thereafter received by the authority shall immediately be subject to\nthe lien of such pledge without any physical delivery thereof or further\nact; and that the lien of any such pledge shall be valid and binding as\nagainst all parties having claims, of any kind in tort, contract or\notherwise against the authority irrespective of whether such parties\nhave notice thereof. Neither the resolution nor any other instrument by\nwhich a pledge is created need be recorded.\n  (e) Neither the members of the authority nor any person executing the\nbonds shall be liable personally on the bonds or be subject to any\npersonal liability or accountability by reason of the issuance thereof.\n  (f) The authority shall have power out of any funds available therefor\nto purchase bonds. The authority may hold, cancel or resell such bonds,\nsubject to and in accordance with agreements with bondholders.\n  (g) In the discretion of the authority, the bonds may be secured by a\ntrust indenture by and between the authority and a corporate trustee,\nwhich may be any trust company or bank having the powers of a trust\ncompany in the state of New York. Such trust indenture may contain such\nprovisions for protecting and enforcing the rights and remedies of the\nbondholders as may be reasonable and proper and not in violation of law,\nincluding covenants setting forth the duties of the authority in\nrelation to the construction, maintenance, operation, repair and\ninsurance of the project or projects and the custody, safeguarding and\napplication of all moneys, and may provide that the project or projects\nshall be constructed and paid for under the supervision and approval of\nconsulting engineers. Notwithstanding the provisions of section fifteen\nhundred ninety-nine-hhh of this title the authority may provide by such\ntrust indenture for the payment of the proceeds of the bonds and the\nrevenues of the project or projects to the trustee under such trust\nindenture or other depository, and for the method of disbursement\nthereof, with such safeguards and restrictions as it may determine. All\nexpenses incurred in carrying out such trust indenture may be treated as\na part of the cost of maintenance, operation, and repairs of the project\nor projects. If the bonds shall be secured by a trust indenture, the\nbondholders shall have no authority to appoint a separate trustee to\nrepresent them, and the trustee under such trust indenture shall have\nand possess all of the powers which are conferred by section fifteen\nhundred ninety-nine-ppp upon a trustee appointed by bondholders.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-iii's\n
N.Y. PBA Law § 1599-PPP*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-PPP*2
Remedies of bondholders
Status: in_force

* § 1599-ppp. Remedies of bondholders. 1. In the event that the\nauthority shall default in the payment of principal of or interest on\nany issue of the bonds after the same shall become due, whether at\nmaturity or upon call for redemption, and such default shall continue\nfor a period of thirty days, or in the event that the authority shall\nfail or refuse to comply with the provisions of this title, or shall\ndefault in any agreement made with the holders of any issue of the\nbonds, the holders of twenty-five per centum in aggregate principal\namount of the bonds of such issue then outstanding, by instrument or\ninstruments filed in the office of the clerk of the county of Chautauqua\nand proved or acknowledged in the same manner as a deed to be recorded,\nmay appoint a trustee to represent the holders of such bonds for the\npurposes herein provided.\n  2. Such trustee may, and upon written request of the holders of\ntwenty-five per centum in principal amount of such bonds then\noutstanding shall, in his or its own name\n  (a) by mandamus or other suit, action or proceeding at law or in\nequity enforce all rights of the bondholders, including the right to\nrequire the authority to collect revenues adequate to carry out by any\nagreement as to, or pledge of, such revenues, and to require the\nauthority to carry out any other agreements with the holders of such\nbonds and to perform its duties under this title;\n  (b) bring suit upon such bonds;\n  (c) by action or suit in equity, require the authority to account as\nif it were the trustee of an express trust for the holders of such\nbonds;\n  (d) by action or suit in equity, enjoin any acts or things which may\nbe unlawful or in violation of the rights of the holders of such bonds;\n  (e) declare all such bonds due and payable, and if all defaults shall\nbe made good then with the consent of the holders of twenty-five per\ncentum of the principal amount of such bonds then outstanding, to annul\nsuch declaration and its consequences.\n  3. The supreme court shall have jurisdiction of any suit, action or\nproceeding by the trustee on behalf of bondholders. The venue of any\nsuch suit, action or proceeding shall be laid in the county of\nChautauqua.\n  4. Before declaring the principal of all such bonds due and payable,\nthe trustee shall first give thirty days' notice in writing to the\nauthority.\n  5. Any such trustee, whether or not the issue of bonds represented by\nsuch trustee has been declared due and payable, shall be entitled as of\nright to the appointment of a receiver of any part or parts of the\nproject the revenues of which are pledged for the security of the bonds\nof such issue, and such receiver may enter and take possession of such\npart or parts of the project and, subject to any pledge or agreement\nwith bondholders, shall take possession of all moneys and other property\nderived from or applicable to the acquisition, construction, operation,\nmaintenance and reconstruction of such part or parts of the project and\nproceed with the acquisition of any necessary real property in\nconnection with the project that the authority has covenanted to\nconstruct, and with any construction which the authority is under\nobligation to do and to operate, maintain and reconstruct such part or\nparts of the project and any pledge thereof or agreement thereafter\narising therefrom subject to any pledge thereof or agreement with\nbondholders relating thereto and perform the public duties and carry out\nthe agreements and obligations of the authority under the direction of\nthe court. In any suit, action or proceeding by the trustee, the fee,\ncounsel fees and expenses of the trustee and of the receiver, if any,\nshall constitute taxable disbursements and all costs and disbursements\nallowed by the court shall be a first charge on any revenues derived\nfrom such project.\n  6. Such trustee shall, in addition to the aforegoing, have and possess\nall of the powers necessary or appropriate for the exercise of any\nfunctions specifically set forth herein or incident to the general\nrepresentation of bondholders in the enforcement and protection of their\nrights.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-ppp's\n
N.Y. PBA Law § 1599-BBB*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-BBB*2
Definitions
Status: in_force

* § 1599-bbb. Definitions. As used or referred to in this title,\nunless a different meaning clearly appears from the context:\n  1. The term "authority" shall mean the corporation created by section\none thousand five hundred ninety-nine-ccc of this title;\n  2. The term "city" shall mean the city of Jamestown;\n  3. The term "bonds" shall mean the bonds authorized in this title;\n  4. The term "board" shall mean the members of the authority;\n  5. The term "real property" shall mean lands, structures, franchises,\nand interest in lands, and any and all things usually included within\nthe said term, and includes not only fees simple absolute but also any\nand all lesser interests, such as easements, rights of way, uses,\nleases, licenses, and all other incorporeal hereditaments and every\nestate, interest or right, legal or equitable, including terms of years,\nand liens thereon by way of judgments, mortgages or otherwise, and also\nclaims for damage to real estate; in the area of the city;\n  6. The term "project" shall mean any area or place operated or to be\noperated by the authority for the parking or storing of motor and other\nvehicles and shall, without limiting the foregoing, include all real and\npersonal property, driveways, roads, approaches, structures, terminals\nof all kinds, garages, meters, mechanical equipment, and all\nappurtenances and facilities either on, above or under the ground, which\nare used or usable in connection with such parking or storing of such\nvehicles in the area of the city.\n  7. The term "projects" shall mean more than one project.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-bbb's\n
N.Y. PBA Law § 1599-RRR*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-RRR*2
Termination of the authority
Status: in_force

* § 1599-rrr. Termination of the authority. Whenever all of the bonds\nissued by the authority shall have been redeemed or canceled, the\nauthority shall cease to exist and all rights, titles and interests and\nall obligations and liabilities thereof vested in or possessed by the\nauthority shall thereupon vest in and be possessed by the city of\nJamestown.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-rrr's\n
N.Y. PBA Law § 1599-SSS*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-SSS*2
Title not affected if in part unconstitutional or ineffective
Status: in_force

* § 1599-sss. Title not affected if in part unconstitutional or\nineffective. If any section, clause or provision of this title shall be\nunconstitutional or be ineffective in whole or in part, to the extent\nthat it is not unconstitutional or ineffective, it shall be valid and\neffective and no other section, clause or provision shall on account\nthereof be deemed invalid or ineffective.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-sss's\n
N.Y. PBA Law § 1599-MMM*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-MMM*2
Bonds legal investments for public officers
Status: in_force

* § 1599-mmm. Bonds legal investments for public officers. The bonds\nare hereby made securities in which all public officers and bodies of\nthis state and all municipalities and municipal subdivisions, all\ninsurance companies and associations and other person carrying on an\ninsurance business, all banks, bankers, trust companies, savings banks\nand savings associations, including savings and loan associations,\nbuilding and loan associations, investment companies and other person\ncarrying on a banking business, and all other persons whatsoever, except\nas hereinafter provided, who are now or may hereafter be authorized to\ninvest in bonds or other obligations of the state, may properly and\nlegally invest funds including capital in their control or belonging to\nthem; provided that, notwithstanding the provisions of any other general\nor special law to the contrary, such bonds shall not be eligible for the\ninvestment of funds, including capital, of trusts, estates or\nguardianships under the control of individual administrators, guardians,\nexecutors, trustees and other individual fiduciaries. The bonds are also\nhereby made securities which may be deposited with and shall be received\nby all public officers and bodies of this state and all municipalities\nand municipal subdivisions for any purpose for which the deposit of\nbonds or other obligations of this state is now or may hereafter be\nauthorized.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-mmm's\n
N.Y. PBA Law § 1599-PPP — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-PPP
Remedies of bondholders
Status: in_force

* § 1599-ppp. Remedies of bondholders. (a) In the event that the\nauthority shall default in the payment of principal of or interest on\nany issue of the bonds after the same shall become due, whether at\nmaturity or upon call for redemption, and such default shall continue\nfor a period of thirty days, or in the event that the authority shall\nfail or refuse to comply with the provisions of this title, or shall\ndefault in any agreement made with the holders of any issue of the\nbonds, the holders of twenty-five per centum in aggregate principal\namount of the bonds of such issue then outstanding, by instrument or\ninstruments filed in the office of the clerk of the county of\nWestchester and proved or acknowledged in the same manner as a deed to\nbe recorded, may appoint a trustee to represent the holders of such\nbonds for the purposes herein provided.\n  (b) Such trustee may, and upon written request of the holders of\ntwenty-five per centum in principal amount of such bonds then\noutstanding shall, in his or its own name\n  (1) by suit, action or special proceedings enforce all rights of the\nbondholders, including the right to require the authority to collect\nrevenues adequate to carry out by any agreement as to, or pledge of,\nsuch revenues, and to require the authority to carry out any other\nagreements with the holders of such bonds and to perform its duties\nunder this title;\n  (2) bring suit upon such bonds;\n  (3) by action or suit in equity, require the authority to account as\nif it were the trustee of an express trust for the holders of such\nbonds;\n  (4) by action or suit in equity, enjoin any acts or things which may\nbe unlawful or in violation of the rights of the holders of such bonds;\n  (5) declare all such bonds due and payable, and if all defaults shall\nbe made good then with the consent of the holders of twenty-five per\ncentum of the principal amount of such bonds then outstanding, to annul\nsuch declaration and its consequences.\n  (c) The supreme court shall have jurisdiction of any suit, action or\nproceeding by the trustee on behalf of bondholders. The venue of any\nsuch suit, action or proceeding shall be laid in the county of\nWestchester.\n  (d) Before declaring the principal of all such bonds due and payable,\nthe trustee shall first give thirty days' notice in writing to the\nauthority.\n  (e) Any such trustee, whether or not the issue of bonds represented by\nsuch trustee has been declared due and payable, shall be entitled as of\nright to the appointment of a receiver of any part or parts of the\nproject the revenues of which are pledged for the security of the bonds\nof such issue, and such receiver may enter and take possession of such\npart or parts of the project and, subject to any pledge or agreement\nwith bondholders, shall take possession of all moneys and other property\nderived from or applicable to the acquisition, construction, operation,\nmaintenance and reconstruction of such part or parts of the project and\nproceed with the acquisition of any necessary real property in\nconnection with the project that the authority has covenanted to\nconstruct, and with any construction which the authority is under\nobligation to do and to operate, maintain and reconstruct such part or\nparts of the project and collect and receive all revenues thereafter\narising therefrom subject to any pledge thereof or agreement with\nbondholders relating thereto and perform the public duties and carry out\nthe agreements and obligations of the authority under the direction of\nthe court. In any suit, action or proceeding by the trustee, the fee,\ncounsel fees and expenses of the trustee and of the receiver, if any,\nshall constitute taxable disbursements and all costs and disbursements\nallowed by the court shall be a first charge on any revenues derived\nfrom such project.\n  (f) Such trustee shall, in addition to the foregoing, have and possess\nall of the powers necessary or appropriate for the exercise of any\nfunctions specifically set forth herein or incident to the general\nrepresentation of bondholders in the enforcement and protection of their\nrights.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-ppp's\n
N.Y. PBA Law § 1599-MMM — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-MMM
Bonds legal investments for public officers
Status: in_force

* § 1599-mmm. Bonds legal investments for public officers. The bonds\nare hereby made securities in which all public officers and bodies of\nthis state and all municipalities and municipal subdivisions, all\ninsurance companies and associations and other persons carrying on an\ninsurance business, all banks, bankers, trust companies, savings banks\nand savings associations, including savings and loan associations,\nbuilding and loan associations, investment companies and other persons\ncarrying on a banking business, and all other persons whatsoever except\nas hereinafter provided, who are now or may hereafter be authorized to\ninvest in bonds or other obligations of the state, may properly and\nlegally invest funds including capital in their control or belonging to\nthem, provided that, notwithstanding the provisions of any other general\nor special law to the contrary, such bonds shall not be eligible for the\ninvestment of funds, including capital, of trusts, estates or\nguardianships under the control of individual administrators, guardians,\nexecutors, trustees and other individual fiduciaries. The bonds are also\nhereby made securities which may be deposited with and shall be received\nby all public officers and bodies of this state and municipalities and\nmunicipal subdivisions for any purpose for which the deposit of bonds or\nother obligations of this state is now or may hereafter be authorized.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-mmm's\n
N.Y. PBA Law § 1599-DDD*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-DDD*2
Purpose and powers of the authority
Status: in_force

* § 1599-ddd. Purpose and powers of the authority. The purpose of the\nauthority shall be to construct, operate and maintain one or more\nprojects in the city. To carry out said purpose, the authority shall\nhave power:\n  1. To sue and be sued;\n  2. To have a seal and alter the same at pleasure;\n  3. To acquire, hold and dispose of personal property for its corporate\npurposes, including the power to purchase prospective or tentative\nawards in connection with the condemnation of real property;\n  4. To acquire in the name of the city by purchase or condemnation, and\nuse necessary real property. All real property acquired by the authority\nby condemnation shall be acquired in the manner provided in the\ncondemnation law or in the manner provided by law for the condemnation\nof land by the city;\n  5. To make by-laws for the management and regulation of its affairs,\nand, subject to agreements with bondholders, for the regulation of the\nproject;\n  6. With the consent of the city to use agents, employees, and\nfacilities of the city, paying to the city its agreed proportion of the\ncompensation or costs;\n  7. To appoint officers, agents and employees, to prescribe their\nqualifications and to fix their compensation; subject, however to the\nprovisions of the civil service law, as hereinafter provided;\n  8. To appoint attorneys, including the corporation counsel, and to fix\ntheir compensation;\n  9. To make contracts and leases, and to execute all instruments\nnecessary or convenient;\n  10. To construct such buildings, structures and facilities as may be\nnecessary;\n  11. To reconstruct, improve, maintain and operate the projects;\n  12. To accept grants, loans or contributions from the United States,\nthe state of New York, or any agency or instrumentality of either of\nthem, or the city, or an individual, by bequest or otherwise, and to\nexpend the proceeds for any purposes of the authority;\n  13. To fix and collect rentals, fees and other charges for the use of\nthe projects or any of them subject to and in accordance with such\nagreements with bondholders as may be made as hereinafter provided;\n  14. To construct, operate or maintain in the projects all facilities\nnecessary or convenient in connection therewith; and to contract for the\nconstruction, operation or maintenance of any parts thereof or for\nservices to be performed; to rent parts thereof, and grant concessions,\nall on such terms and conditions as it may determine; provided, however,\nthat neither the authority, the city of Jamestown, or any agency of the\nauthority or city, or any other person, firm or corporation shall,\nwithin or on any property comprising a part of any project authorized by\nthis title, sell, dispense or otherwise handle any product used in or\nfor the servicing of any motor vehicle using any project or facility\nauthorized by this title.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-ddd's\n
N.Y. PBA Law § 1599-FFF*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-FFF*2
Conveyance of property by the city to the authority; acquisition of property by the city or by the authority
Status: in_force

* § 1599-fff. Conveyance of property by the city to the authority;\nacquisition of property by the city or by the authority. 1. The city\nmay, by resolution or resolutions of the council or by instruments\nauthorized by such resolutions, convey, with or without consideration,\nto the authority real and personal property owned by the city for use by\nthe authority as a project or projects or a part thereof. In case of\nreal property so conveyed, the title thereto shall remain in the city\nbut the authority shall have the use and occupancy thereof for so long\nas its corporate existence shall continue. In the case of personal\nproperty so conveyed, the title shall pass to the authority.\n  2. The city may acquire in the name of the city by purchase or\ncondemnation real property in the city for any of the projects or for\nthe widening of existing roads, streets, avenues or highways or for new\nroads, streets, avenues or highways within a radius of one mile to any\nof the projects, or partly for such purposes and partly for other city\npurposes, by purchase or condemnation in the manner provided by law for\nthe acquisition of real property by the city. For like purposes, the\ncity may close such streets, roads, avenues, or highways as may be\nnecessary or convenient, except as to state highways and arterial ways\nwhich may not be closed without the consent of the state commissioner of\ntransportation.\n  3. Contracts may be entered into between the city and the authority\nproviding for the property to be conveyed by the city to the authority,\nthe additional property to be acquired by the city and so conveyed, the\nstreets, roads, avenues, and highways to be closed by the city and the\namounts, terms and conditions of payment to be made by the authority.\nSuch contracts may also contain covenants by the city as to the road,\nstreet, avenue and highway improvements to be made by the city. Any such\ncontracts between the city and the authority may be pledged by the\nauthority to secure its bonds and may not be modified thereafter except\nas provided by the terms of the pledge. The council may authorize such\ncontracts between the city and the authority and no other authorization\non the part of the city for such contracts shall be necessary. Any such\ncontracts may be so authorized and entered into by the city and in such\nmanner as the council may determine, and the payments required to be\nmade by the city may be made and financed notwithstanding that no\nprovision therefor shall have first been made in the capital budget of\nthe city. All contractual or other obligations of the city incurred in\ncarrying out the provisions of this title shall be included in and\nprovided for by such capital budget of the city thereafter made, if and\nto the extent that they may appropriately be included therein.\n  4. The authority may itself acquire real property for a project in the\nname of the city at the cost and expense of the authority by purchase or\ncondemnation pursuant to the condemnation law or pursuant to the laws\nrelating to the condemnation of land by the city. The authority shall\nhave the use and occupancy of such real property so long as its\ncorporate existence shall continue.\n  5. In case the authority shall have the use and occupancy of any real\nproperty which it shall determine is no longer required for a project\nthen, if such real property was acquired at the cost and expense of the\ncity, the authority shall have power to surrender its use and occupancy\nthereof to the city, or, if such real property was acquired at the cost\nand expense of the authority, then the authority shall have power to\nsell, lease or otherwise dispose of said real property at public or\nprivate sale, and shall retain and have the power to use the proceeds of\nsale, rentals or other moneys derived from the disposition thereof for\nits purposes.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-fff's\n
N.Y. PBA Law § 1599-KKK — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-KKK
Agreements of the village
Status: in_force

* § 1599-kkk. Agreements of the village. (a) The village of Mount\nKisco is authorized to pledge to and agree with the holders of the bonds\nthat the village will not limit or alter the rights hereby vested in the\nauthority to acquire, construct, maintain, reconstruct and operate the\nproject or projects, to establish and collect rentals, fees and other\ncharges and to fulfill the terms of any agreements made with the holders\nof the bonds, or in any way impair the rights and remedies of the\nbondholders, until the bonds, together with interest thereon, with\ninterest on any unpaid installments of interest and all costs and\nexpenses in connection with any action or proceeding by or on behalf of\nthe bondholders, are fully met and discharged.\n  (b) The authority is hereby authorized, in its discretion, for and on\nbehalf of itself and the village of Mount Kisco to covenant and agree\nwith the holders of the bonds, with such exceptions and limitations as\nit may deem in the public interest, that no public parking areas except\nthose acquired and operated by the authority will be constructed or\noperated in the village by the village, or by any public benefit or\nother corporation the members or some of which are elected or are\nappointed by village officials, until either\n  (1) the bonds, together with interest thereon, interest on any unpaid\ninstallments of interest and all costs and expenses in connection with\nany action or proceeding by or on behalf of the bondholders are fully\nmet and discharged or\n  (2) principal or interest of any of the bonds shall be overdue and\nunpaid for a period of three years or more.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-kkk's\n
N.Y. PBA Law § 1599-RRR — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-RRR
Termination of the authority
Status: in_force

* § 1599-rrr. Termination of the authority. Whenever all of the bonds\nissued by the authority shall have been redeemed or cancelled, the\nauthority shall cease to exist and all rights, titles and interest and\nall obligations and liabilities thereof vested in or possessed by the\nauthority shall thereupon vest in and be possessed by the village of\nMount Kisco.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-rrr's\n
N.Y. PBA Law § 1599-EEE*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-EEE*2
Civil service status of officers and employees
Status: in_force

* § 1599-eee. Civil service status of officers and employees. Officers\nand employees of any board, commission or department of the city may be\ntransferred to the authority in accordance with the provisions of the\ncivil service law and shall be eligible for such transfer and\nappointment without examination to offices and positions under the\nauthority. Officers and employees of the city who are members or\nbeneficiaries of any existing pension or retirement system shall\ncontinue to have the rights, privileges, obligations and status with\nrespect to such system or systems as are now prescribed by law, and all\nsuch employees who have been appointed to positions in the service of\nthe city under the rules of the municipal civil service commission of\nthe city shall have the same status with respect thereto after transfer\nto the authority as they had under their original appointments. The\nappointment and promotion of all employees of the authority shall be\nmade in accordance with the provisions of the civil service law and the\nrules of the city civil service commission.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-eee's\n
N.Y. PBA Law § 1599-CCC*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-CCC*2
Jamestown parking authority
Status: in_force

* § 1599-ccc. Jamestown parking authority. A board to be known as\n"Jamestown parking authority" is hereby created. Such board shall be a\nbody corporate, constituting a public benefit corporation, and its\nexistence shall commence upon the appointment of the members as herein\nprovided. It shall consist of a chairman and four other members, who\nshall be appointed by the mayor with the approval of the city council of\nthe city. Of the members first appointed, one shall be appointed for a\nperiod of one year, one for a period of two years, one for a period of\nthree years, one for a period of four years, and one for a period of\nfive years. At the expiration of such terms, the terms of office of\ntheir successors shall be five years. Each member shall continue to\nserve until the appointment and qualification of his successor.\nVacancies in such board occurring otherwise than by the expiration of\nterm shall be filled for the unexpired term. The members of the board\nshall choose from their number a vice-chairman. The city council may\nremove any member of the board for inefficiency, neglect of duty or\nmisconduct in office, giving him a copy of the charges against him and\nan opportunity of being heard in person, or by counsel, in his defense\nupon not less than ten days' notice. The members of the board shall be\nentitled to no compensation for their services but shall be entitled to\nreimbursement for their actual and necessary expenses incurred in the\nperformance of their official duties. The powers of the authority shall\nbe vested in and exercised by a majority of the members of the board\nthen in office. Such board may delegate to one or more of its members or\nto its officers, agents and employees such powers and duties as it may\ndeem proper. Such board and its corporate existence shall continue only\nfor a period of five years, and thereafter until all its liabilities\nhave been met and its bonds have been paid in full or such liabilities\nor bonds have otherwise been discharged. Upon its ceasing to exist, all\nits rights and properties shall pass to the city.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-ccc's\n
N.Y. PBA Law § 1599-QQQ — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-QQQ
Actions against the authority
Status: in_force

* § 1599-qqq. Actions against the authority. (a) In every action\nagainst the authority for damages, for injuries to real or personal\nproperty, or for the destruction thereof, or for personal injuries or\ndeath, the complaint shall contain an allegation that at least ninety\ndays have elapsed since the demand, claim or claims upon which such\naction is founded were presented to a member of the authority, or to its\nsecretary, or to its chief executive officer and that the authority has\nneglected or refused to make an adjustment or payment thereof for ninety\ndays after such presentment.\n  (b) Except in an action for wrongful death, an action against the\nauthority for damages for injuries to real or personal property, or for\nthe destruction thereof, or for personal injuries, alleged to have been\nsustained, shall not be commenced more than one year after the cause of\naction therefor shall have accrued, nor unless a notice of intention to\ncommence such action and of the time when and place where the damages or\npersonal injuries were incurred or sustained, together with a verified\nstatement showing in detail the property alleged to have been damaged or\ndestroyed and the value thereof, or the personal injuries alleged to\nhave been sustained and by whom, shall have been filed with the\nsecretary of the authority in the principal office of the authority\nwithin six months after such cause of action shall have accrued. An\naction against the authority for wrongful death shall be commenced in\naccordance with the notice of claim and time limitation provisions of\ntitle eleven of article nine of this chapter.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-qqq's\n
N.Y. PBA Law § 1599-AAA — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-AAA
Short title
Status: in_force

* § 1599-aaa. Short title. This title may be cited as the "Mount Kisco\nParking Authority Act."\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-aaa's\n
N.Y. GOB Law § 5-1602 — New York Code / Act GOB / Article 5 / Title 16 / Section 5-1602
Continuity of contract
Status: in_force

§ 5-1602. Continuity of contract. 1. (a) If a subject or medium of\npayment of a contract, security or instrument is a currency that has\nbeen substituted or replaced by the euro, the euro will be a\ncommercially reasonable substitute and substantial equivalent that may\nbe either: (i) used in determining the value of such currency; or (ii)\ntendered, in each case at the conversion rate specified in, and\notherwise calculated in accordance with, the regulations adopted by the\ncouncil of the European Union.\n  (b) If a subject or medium of payment of a contract, security or\ninstrument is the ECU, the euro will be a commercially reasonable\nsubstitute and substantial equivalent that may be either: (i) used in\ndetermining the value of the ECU; or (ii) tendered, in each case at the\nconversion rate specified in, and otherwise calculated in accordance\nwith, the regulations adopted by the Council of the European Union.\n  (c) Performance of any of the obligations described in paragraph (a)\nor (b) of this subdivision may be made in the currency or currencies\noriginally designated in such contract, security or instrument (so long\nas such currency or currencies remain legal tender) or in euro, but not\nin any other currency, whether or not such other currency (i) has been\nsubstituted or replaced by the euro or (ii) is a currency that is\nconsidered a denomination of the euro and has a fixed conversion rate\nwith respect to the euro.\n  2. None of: (a) the introduction of the euro; (b) the tendering of\neuros in connection with any obligation in compliance with paragraph (a)\nor (b) of subdivision one of this section; (c) the determining of the\nvalue of any obligation in compliance with paragraph (a) or (b) of\nsubdivision one of this section; or (d) the calculating or determining\nof the subject or medium of payment of a contract, security or\ninstrument with reference to interest rate or other basis has been\nsubstituted or replaced due to the introduction of the euro and that is\na commercially reasonable substitute and substantial equivalent, shall\neither have the effect of discharging or excusing performance under any\ncontract, security or instrument, or give a party the right to\nunilaterally alter or terminate any contract, security or instrument.\n
N.Y. GOB Law § 5-1603 — New York Code / Act GOB / Article 5 / Title 16 / Section 5-1603
Effect of agreements
Status: in_force

§ 5-1603. Effect of agreements. The provisions of this title shall not\nalter or impair and shall be subject to any agreements between parties\nwith specific reference to or agreement regarding the introduction of\nthe euro.\n
N.Y. PBA Law § 1599-QQQ*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-QQQ*2
Actions against the authority
Status: in_force

* § 1599-qqq. Actions against the authority. 1. In every action\nagainst the authority for damages, for injuries to real or personal\nproperty, or for the destruction thereof, or for personal injuries or\ndeath, the complaint shall contain an allegation that at least thirty\ndays have lapsed since the demand, claim or claims upon which such\naction is founded were presented to a member of the authority, or to its\nsecretary, or to its chief executive officer and that the authority has\nneglected or refused to make an adjustment or payment thereof for thirty\ndays after such presentment.\n  2. Except in an action for wrongful death, an action against the\nauthority for damages for injuries to real or personal property, or for\nthe destruction thereof, or for personal injuries, alleged to have been\nsustained, shall not be commenced more than one year after the cause of\naction therefor shall have accrued, nor unless a notice of intention to\ncommence such action and of the time when and place where the damages or\npersonal injuries were incurred or sustained, together with a verified\nstatement showing in detail the property alleged to have been damaged or\ndestroyed and the value thereof, or the personal injuries alleged to\nhave been sustained and by whom, shall have been filed with the\nsecretary of the authority in the principal office of the authority\nwithin six months after such cause of action shall have accrued. An\naction against the authority for wrongful death shall be commenced in\naccordance with the notice of claim and time limitation provisions of\ntitle eleven of article nine of this chapter.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-qqq's\n
N.Y. PBA Law § 1599-BBB — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-BBB
Definitions
Status: in_force

* § 1599-bbb. Definitions. As used or referred to in this title,\nunless a different meaning clearly appears from the context:\n  (a) The term "authority" shall mean the corporation created by section\nthree of this title;\n  (b) The term "village" shall mean the village of Mount Kisco;\n  (c) The term "bonds" shall mean the bonds authorized in this title;\n  (d) The term "board" shall mean the members of the authority;\n  (e) The term "real property" shall mean lands, structures, franchises,\nand interest in lands, and any and all things usually included within\nthe said term, and includes not only fees simple absolute but also any\nand all lesser interests, such as easements, rights of way, uses,\nleases, licenses, and all other incorporeal hereditaments and every\nestate, interest or right, legal or equitable, including terms of years,\nand liens thereon by way of judgments, mortgages or otherwise, and also\nclaims for damage to real estate, in the area of the village;\n  (f) The term "project" shall mean any area or place operated or to be\noperated by the authority for the parking or storing of motor and other\nvehicles and shall, without limiting the foregoing, include all real and\npersonal property, driveways, roads, approaches, structures, terminals\nof all kinds, garages, meters, mechanical equipment, and all\nappurtenances and facilities either on, above or under the ground which\nare used or usable in connection with such parking or storing of such\nvehicles in the area of the village;\n  (g) The term "projects" shall mean more than one project.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-bbb's\n
N.Y. PBA Law § 1599-OOO — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-OOO
Tax contract by the state
Status: in_force

* § 1599-ooo. Tax contract by the state. The state of New York\ncovenants with the purchasers and with all subsequent holders and\ntransferees of bonds or notes issued by the authority pursuant to this\ntitle, in consideration of the acceptance of and payment for the bonds\nor notes, that the bonds and notes of the authority issued pursuant to\nthis title and the income therefrom, and all moneys, funds and revenues\npledged to pay or secure the payment of such bonds or notes shall at all\ntimes be free from taxation except for estate taxes and taxes on\ntransfers by or in contemplation of death.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-ooo's\n
N.Y. PBG Law § 419 — New York Code / Act PBG / Article 13 / Title 16 / Section 419
Mount Vernon Housing Authority
Status: in_force

§ 419. Mount Vernon Housing Authority.  A municipal housing authority,\nto be known as the Mount Vernon Housing Authority is hereby created and\nestablished in the city of Mount Vernon in the county of Westchester for\nthe accomplishment of any or all of the purposes specified in article\neighteen of the constitution of the state of New York. It shall\nconstitute a body corporate and politic, be perpetual in duration and\nconsist of five members. It shall have the power and duties now or\nhereafter conferred by this chapter upon municipal housing authorities.\nIt shall be organized in the manner prescribed by and subject to the\nprovisions of this chapter, and the authority, its members, officers and\nemployees and its operations and activities shall in all respects be\ngoverned by the provisions of this chapter.\n
N.Y. PBA Law § 1599-TTT*2 — New York Code / Act PBA / Article 7 / Title 16* / Section 1599-TTT*2
Inconsistent provisions in other acts superseded
Status: in_force

* § 1599-ttt. Inconsistent provisions in other acts superseded.\nInsofar as the provisions of this title are inconsistent with the\nprovisions of any other act, general or special, or of any local law of\nthe city, the provisions of this title shall be controlling.\n  * NB Authority ceased to exist 04/01/1977\n  * NB There are 2 § 1599-ttt's\n
N.Y. PBA Law § 1599-CCC — New York Code / Act PBA / Article 7 / Title 16 / Section 1599-CCC
Mount Kisco parking authority
Status: in_force

* § 1599-ccc. Mount Kisco parking authority. A board to be known as\n"Mount Kisco parking authority" is hereby created. Such board shall be a\nbody corporate, constituting a public benefit corporation, and its\nexistence shall commence upon the appointment of the members as herein\nprovided. It shall consist of a chairman and four other members, who\nshall be appointed by the mayor with the approval of the board of\ntrustees of the village. Of the members first appointed, one shall be\nappointed for a period of one year, one for a period of two years, one\nfor a period of three years, one for a period of four years, and one for\na period of five years. At the expiration of such terms, the terms of\noffice of their successors shall be five years. Each member shall\ncontinue to serve until the appointment and qualification of his\nsuccessor. Vacancies in such board occurring otherwise than by the\nexpiration of term shall be filled for the unexpired term. The members\nof the board shall choose from their number a vice-chairman. The board\nof trustees may remove any member of the board for inefficiency, neglect\nof duty or misconduct in office, giving him a copy of the charges\nagainst him and an opportunity of being heard in person, or by counsel,\nin his defense upon not less than ten days' notice. The members of the\nboard shall be entitled to no compensation for their services but shall\nbe entitled to reimbursement for their actual and necessary expenses\nincurred in the performance of their official duties. The powers of the\nauthority shall be vested in and exercised by a majority of the members\nof the board then in office. Such board may delegate to one or more of\nits members or to its officers, agents and employees such powers and\nduties as it may deem proper. Such board and its corporate existence\nshall continue only for a period of five years, and thereafter until all\nits liabilities have been met and its bonds have been paid in full or\nsuch liabilities or bonds have otherwise been discharged. Upon its\nceasing to exist, all its rights and properties shall pass to the\nvillage.\n  * NB Authority ceased to exist 06/01/1976\n  * NB There are 2 § 1599-ccc's\n