NY Gen City L § 20-D (2021)
2021 New York Laws GCT - General City Article 2-A - Powers of Cities 20-D - Alternative Procedure for Acquisition of Certain Real Property, Personal Property and Franchises of Omnibus Lines Within Cities Having a Population Of

§ 20-d. Alternative   procedure   for   acquisition  of  certain  real   property, personal property  and  franchises  of  omnibus  lines  within   cities   having  a  population  of  one  million  or  more  inhabitants.   Notwithstanding any other provision of law, general, special  or  local,   cities  with  a population of one million or more inhabitants shall have   the additional power to acquire by  acquisition  any  property  and  the   franchises of any person, firm or corporation situated within such city,   used  and  usable  in  the operation of omnibus lines which are entirely   within and do not  extend  beyond  the  boundaries  of  such  city,  the   immediate  acquisition of which property and franchises is determined by   the board of estimate or other appropriate governing body of  such  city   to be necessary to serve the public convenience through the provision of   adequate  omnibus  transportation,  notwithstanding  the  fact that such   property and franchises were or are devoted to a public  use.  The  term   "property"  as  used  in  this  subdivision is defined to include lands,   waters, rights in lands or waters, structures, franchises and  interests   in  land,  including  lands under water and riparian rights, and any and   all other things and rights usually included within the  said  term  and   includes  also  any  and  all  interests in such property less than full   title, such as easements permanent or  temporary,  rights-of-way,  uses,   leases,  licenses  and  all  other  incorporeal  hereditaments and every   estate, interest or right legal or  equitable,  and  omnibuses,  rolling   stock  and  any  other form of real or personal property. Acquisition of   such property shall be in accordance with the provisions of the  eminent   domain procedure law.Notwithstanding the provisions of any general, special or local law to   the  contrary,  such  city  may  authorize,  issue and sell obligations,   pursuant to  the  local  finance  law,  to  pay  for  the  cost  of  any   acquisition  or  acquisitions  of  such  property used and usable in the   operation of omnibus lines provided, however, that no  such  obligations   shall be authorized, issued, sold or refunded after September thirtieth,   nineteen  hundred sixty-three. The maximum period of probable usefulness   for each such object or purpose for  which  obligations  may  be  issued   hereunder is hereby determined to be as follows:a. The acquisition of real property, thirty years.b. The acquisition of omnibuses and other necessary personal property,   five years.c. The acquisition of franchises, five years.The  provisions of this section constitute an alternative procedure to   the procedure set forth in subdivision two of  section  twenty  of  this   chapter  and  any  city  having  a  population  of  one  million or more   inhabitants may proceed under the authority of this section or  of  such   subdivision two of section twenty.