1596-MM – Exemptions From Taxation.
§ 1596-mm. Exemptions from taxation. 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 benefit of the people of the city of Yonkers and its environs, and is a public purpose, and the authority shall be regarded as performing […]
1596-N – Tax Contract by the State.
§ 1596-n. Tax contract by the state. The state of New York covenants with the purchasers and with all subsequent holders and transferees of bonds issued by the authority pursuant to this title, in consideration of the acceptance of and payment for the bonds, that the bonds of the authority issued pursuant to this title […]
1596-O – Remedies of Bondholders.
§ 1596-o. 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 same shall become due, whether at maturity or upon call for redemption, and such default shall continue for a period of thirty days, or in […]
1596-P – Actions Against the Authority.
§ 1596-p. 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 or death, the complaint shall contain an allegation that at least thirty days have elapsed since the demand, claim or claims upon which such […]
1596-Q – Termination of the Authority.
§ 1596-q. Termination of the authority. Whenever all of the bonds issued by the authority shall have been redeemed or canceled, and all its liabilities met or discharged, and the termination date of its corporate existence as set forth in section fifteen hundred ninety-six-c of this title shall have been reached, the authority shall cease […]
1596-R – Title Not Affected if in Part Unconstitutional or Ineffective.
§ 1596-r. 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 is not unconstitutional or ineffective, it shall be valid and effective and no other section, clause or provision shall […]
1596-S – Inconsistent Provisions in Other Acts Superseded.
§ 1596-s. Inconsistent provisions in other acts superseded.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, or of any local law of the city, the provisions of this title shall be controlling.
1596-I – Bonds of the Authority.
§ 1596-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 conformity with applicable provisions of the uniform commercial code for any purpose mentioned in section fifteen hundred ninety-six-d of this title, including the acquisition, construction, reconstruction and repair […]
1596-J – Notes of the Authority.
§ 1596-j. Notes of the authority. The authority shall have power from time to time to issue its negotiable notes in conformity with applicable provisions of the uniform commercial code and from time to time to issue renewal notes (herein referred to as notes) maturing not later than five years from their respective original dates […]
1596-K – Agreements of the State.
§ 1596-k. Agreements of the state. 1. The state of New York does pledge to and agree with the holders of the bonds that the state will not limit or alter the rights hereby vested in the authority to acquire, construct, maintain, reconstruct and operate the project or projects, to establish and collect rentals, fees […]