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, […]
61 – Bonds and Notes as Legal Investments.
§ 61. Bonds and notes as legal investments. The bonds and notes of the Utica transit authority are hereby made securities in which all public officers and bodies of the state and all municipalities and municipal subdivisions thereof, all insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust […]
62 – Remedies Against the Utica Transit Authority.
§ 62. Remedies against the Utica transit authority. 1. In an action or proceeding to foreclose a mortgage on property of the Utica transit authority, the authority and all other necessary parties, shall be made parties defendant and shall take such steps in said action as may be necessary to protect the public interest therein […]
47 – Disqualification of Members and Employees.
§ 47. Disqualification of members and employees. No member or employee of the Utica transit authority should have any interest, financial or otherwise, direct or indirect, or engage in any business or transaction or professional activity or incur any obligation of any nature, which is in substantial conflict with the proper discharge of his duties, […]
48 – Not Within Jurisdiction of Public Service Commission.
§ 48. Not within jurisdiction of public service commission. The acquisition, construction, reconstruction or improvement of any omnibus transportation capital project by the Utica transit authority pursuant to this article shall not be subject to the jurisdiction of the public service commission except as provided in sections sixty-eight, sixty-nine, sixty-nine-a, sixty-nine-b, sixty-nine-c and sixty-nine-d of […]
49 – Plans for Proposed Municipal Projects; Statement of Project Costs.
§ 49. Plans for proposed municipal projects; statement of project costs. The Utica transit authority shall file with the commissioner a copy of each proposed municipal project embodying the plans, specifications, estimated costs and proposed method of financing. Any change made in a municipal project shall be filed with the commissioner by the Utica transit […]
50 – Statewide Transportation Planning.
§ 50. Statewide transportation planning. Project coordination with statewide transportation plan. Upon review of a proposed municipal project submitted to the commissioner under section forty-nine herein, the commissioner may transmit, within a reasonably prompt time, advisory comments to the Utica transit authority with regard to such project’s being a part of or consistent with a […]
51 – Comprehensive Regional Planning.
§ 51. Comprehensive regional planning. Project coordination with comprehensive regional planning. Prior to undertaking a municipal project, the Utica transit authority shall comply with the provisions of this section. Where a proposed municipal project is to be located in whole or in part, within the jurisdiction of a multi-county regional planning board which has adopted […]