New York Public Authorities Law Title 22 - VILLAGE OF NYACK PARKING AUTHORITY

• 1622-a - Short Title.
  This title may be cited as the "Village of Nyack Parking Authority Act".
• 1622-b - Definitions.
  As used or referred to in this title, unless a different meaning clearly appears from the context: 1. The term "authority" shall mean the corporation...
• 1622-c - Village of Nyack Parking Authority.
  A board to be known as "Village of Nyack parking authority" is hereby created. Such board shall be a body corporate and politic, constituting a...
• 1622-d - Purpose and Powers of the Authority.
  The purpose of the authority shall be to provide, operate or maintain or any combination thereof one or more projects in the village. To carry...
• 1622-e - Civil Service Status of Officers and Employees.
  Officers and employees of any board, commission or department of the village may be transferred to the authority in accordance with the provisions of the...
• 1622-f - Conveyance of Property by the Village to the Authority; Acquisition of Property by the Village or by the Authority.
  1. The village may, by resolution or resolutions of the village board or by instruments authorized by such resolutions, convey, with or without consideration, to...
• 1622-g - Construction and Purchase Contracts.
  1. The authority shall let contracts for construction in the same manner, so far as practicable, as is provided by law for contracts for the...
• 1622-h - Moneys of the Authority.
  All moneys of the authority shall be paid to the village treasurer of the village as agent of the authority, who shall not commingle such...
• 1622-i - Bonds of the Authority.
  1. The authority shall have the power and is hereby authorized from time to time to issue its negotiable bonds, in the aggregate principal amount...
• 1622-j - Notes of the Authority.
  The authority shall have power from time to time to issue notes and from time to time to issue renewal notes (herein referred to as...
• 1622-k - Agreements of the Village and the State.
  1. The village is authorized to, and the state of New York does hereby pledge to and agree with the holders of the bonds or...
• 1622-l - State and Village Not Liable on Bonds.
  The bonds and other obligations of the authority shall not be a debt of the state of New York or of the village, and neither...
• 1622-m - Bonds and Notes Legal Investments for Public Officers and Fiduciaries.
  The bonds and notes are hereby made securities in which all public officers, and bodies of the state and all municipalities and municipal subdivisions, all...
• 1622-n - Tax Exemptions.
  1. It is hereby determined that the creation of the authority and the carrying out of its corporate purposes is in all respects for the...
• 1622-o - Tax Contract by the State.
  The state of New York covenants with the purchasers and with all subsequent holders and transferees of bonds or notes issued by the authority pursuant...
• 1622-p - Remedies of Bondholders.
  1. In the event that the authority shall default in the payment of principal of or interest on any issue of the bonds after the...
• 1622-q - Actions Against the Authority.
  1. In every action against the authority for damages, for injuries to real or personal property, or for the destruction thereof, or for personal injuries...
• 1622-r - Termination of the Authority.
  Whenever all of the bonds and notes issued by the authority shall have been redeemed or cancelled, and all its liabilities and duties met or...
• 1622-s - 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, to the extent that it...
• 1622-t - Inconsistent Provisions in Other Acts Superseded.
  Insofar as the provisions of this title are inconsistent with the provisions of any other act, general or special, or of any local law of...

Last modified: February 3, 2019