65 – Depositories of Funds.
§ 65. Depositories of funds. In order to protect funds deposited by the Utica transit authority all banks, bankers, trust companies or other persons carrying on a banking business, organized under the laws of the state, are authorized to give to the authority an undertaking with such sureties as shall be approved by the Utica […]
66 – Filing of By-Laws, Rules and Regulations.
§ 66. Filing of by-laws, rules and regulations. 1. The Utica transit authority shall file with the commissioner a copy of any by-laws, rules and regulations and amendments thereto adopted by it from time to time. No such by-laws, rules and regulations and amendments thereto shall be effective until filed with the commissioner. 2. No […]
67 – Dissolution.
§ 67. Dissolution. The Utica transit authority may apply to the supreme court in any county within the Utica transit authority’s jurisdiction for an order dissolving such authority. The court thereupon shall hold a hearing in open court after such notice of hearing as the court may require. Upon a showing to the satisfaction of […]
68 – Disposal of Records.
§ 68. Disposal of records. 1. Notwithstanding the provisions of any general, special or local law, the Utica transit authority or officer or employee thereof is hereby empowered to destroy, sell or otherwise dispose of any book, paper, map photograph, microphotograph or other record regardless of its physical form or characteristic, which has been made, […]
69 – Reproduction of Records.
§ 69. Reproduction of records. The Utica transit authority may cause any paper, document or other record kept or recorded by it to be recorded, copied or reproduced by any photographic, photostatic, microfilm, microcard, miniature photographic or other process which accurately reproduces or forms a durable medium for so reproducing the original. Such reproduction, when […]
56 – Negotiability of Bonds.
§ 56. Negotiability of bonds. Whether or not any bonds, interim certificates or other obligations of the Utica transit authority issued pursuant to this article are of such form and character as to be negotiable instruments under article eight of the uniform commercial code, such bonds, interim certificates or other obligations shall be and are […]
57 – Signature on Bonds.
§ 57. Signature on bonds. In case any of the members or officers of the Utica transit authority whose signatures appear on any bonds or coupons shall cease to be such members or officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if […]
58 – Repurchase of Bonds.
§ 58. Repurchase of bonds. The Utica transit authority shall have power to purchase any bonds issued by it for the purpose of retirement or investment. The Utica transit authority shall not purchase such bonds at a price in excess of the face value thereof plus a premium of four per cent. All bonds purchased […]
59 – Suit on Bonds.
§ 59. Suit on bonds. In any suit, action or proceeding upon any bond of the Utica transit authority or the security therefor, any such bond reciting in substance that it has been issued by such an authority to aid in financing a municipal project to provide omnibus transportation facilities pursuant to the procedure required […]
60 – Bond Covenants.
§ 60. Bond covenants. 1. In connection with the issuance of bonds or the incurring of an obligation, and to secure the payment of such bonds or obligations, the Utica transit authority, in addition to its other powers, may: (a) Pledge, covenant to pledge or covenant against pledging, all or any part of its rents, […]