New York Public Authorities Law Title 2 - ALBANY LIGHT, HEAT AND POWER AUTHORITY

• 1025 - Short Title.
  * This title may be cited as the "Albany Light, Heat and Power Authority Act." * NB Terminated July 1, 1963
• 1026 - Albany Light, Heat and Power Authority.
  * There is hereby defined and established an area in the county of Albany to be known as the "Albany light, heat and power district,"...
• 1027 - Members of Authority.
  * The members, constituting the board of directors of the authority, shall consist of not exceeding five persons, to be appointed by the board of...
• 1028 - Enlargement of District.
  * Whenever it shall appear to the board of supervisors that the area included within the district should be extended it shall adopt a resolution...
• 1029 - Powers of the Board.
  * The power conferred by this title shall be exercised by the board of directors of the authority, subject to the terms of such title....
• 1030 - Deposit for Temporary Possession of Property.
  * Whenever the authority, in any proceedings instituted by it for the acquisition of any existing plant or plants by condemnation, shall make application for...
• 1031 - Properties Acquired by the Authority.
  * The board of supervisors, when appointing the authority, may adopt a resolution providing, or it may by later agreement with the authority provide, that...
• 1032 - Power to Furnish Service Within District.
  * The authority shall have power to construct or acquire, by purchase or condemnation, or to lease, and to equip, own and operate, within or...
• 1033 - Power to Contract With Municipalities Within District.
  * The authority shall also have power to contract with the governing body of any municipality within the district with a view to the construction,...
• 1034 - Sale of Surplus.
  * Whenever the productive capacity of the plants and properties of the authority together with any gas or electrical energy which it may acquire from...
• 1035 - Bonds of the Authority.
  * The bonds, certificates of indebtedness and other obligations of the authority, unless disposed of to the Reconstruction Finance Corporation, the federal emergency administrator of...
• 1036 - Referendum.
  * No bonds shall be issued under this title by the authority in an aggregate amount at any time outstanding exceeding ten million dollars. No...
• 1037 - State and County Not Liable on Bonds.
  * The bonds and other obligations of the authority shall not be a debt of the state or of the county, and, subject to section...
• 1038 - When Bonds Legal Investments for Fiduciaries.
  * On or before January first of each year commencing with the year nineteen hundred thirty-six, the comptroller shall file with the superintendent of banks...
• 1039 - Exemption From Taxation.
  * The real and personal property of the authority shall be exempt from all taxation, and so shall all of its activities and operations, except...
• 1040 - Remedies of Bondholders.
  * 1. If, and to the extent, and in the events, provided in the resolution authorizing the bonds, the holders of not less than twenty-five...
• 1041 - County May Levy Tax Within District.
  * Should it appear to the board of supervisors at any time that the revenue of the authority is or will be insufficient to provide...
• 1042 - Examination by Comptroller.
  * The state comptroller and his legally authorized representatives are hereby authorized and empowered from time to time and when requested by the authority the...
• 1043 - Title Not Affected If in Part Unconstitutional or Ineffective.
  * If any section, clause or provision of this title shall be unconstitutional or be ineffective in whole or in part, in its terms or...
• 1044 - Inconsistent Provisions in Other Acts Superseded.
  * In so far as the provisions of this title are inconsistent with the provisions of any other act, general or special, the provisions of...

Last modified: February 3, 2019