1622-A – Short Title.

§ 1622-a. Short title. This title may be cited as the “Village of Nyack Parking Authority Act”.

1622-B – Definitions.

§ 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 created by section sixteen hundred twenty-two-c of this title; 2. The term “village” shall mean the village of Nyack; 3. The term “bonds” and “notes” shall mean […]

1622-C – Village of Nyack Parking Authority.

§ 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 public benefit corporation, and its existence shall commence upon the appointment of the members as herein provided. It shall consist of a chairman […]

1622-D – Purpose and Powers of the Authority.

§ 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 out said purpose, the authority shall have power: 1. To sue and be sued; 2. To have a seal and alter the […]

1622-E – Civil Service Status of Officers and Employees.

§ 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 civil service law and shall be eligible for such transfer and appointment without examination to offices and positions under the authority. […]

1622-F – Conveyance of Property by the Village to the Authority; Acquisition of Property by the Village or by the Authority.

§ 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 the authority real and personal property owned by the […]

1622-G – Construction and Purchase Contracts.

§ 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 village, except that where the estimated expense of a contract does not exceed twenty-four hundred dollars such contract may be entered into without public […]

1622-H – Moneys of the Authority.

§ 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 moneys with any other moneys. Such moneys shall be deposited in a separate bank account or accounts. The moneys in such accounts shall be […]

1622-I – Bonds of the Authority.

§ 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 not to exceed ten million dollars outstanding at one time, for any of its corporate purposes and to pay such expenses, costs and payments […]

1622-J – Notes of the Authority.

§ 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 notes), in an amount not exceeding at any time one million dollars, for any purpose or purposes for which bonds may be issued, whenever […]

1622-K – Agreements of the Village and the State.

§ 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 notes that neither the village nor the state, respectively, will limit or alter the rights hereby vested in the authority to […]

1622-L – State and Village Not Liable on Bonds.

§ 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 the state nor the village shall be liable thereon, nor shall they be payable out of any funds other than those […]

1622-M – Bonds and Notes Legal Investments for Public Officers and Fiduciaries.

§ 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 insurance companies and associations and other persons carrying on an insurance business, all banks, bankers, trust companies, savings […]

1622-N – Tax Exemptions.

§ 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 benefit of the people of the village of Nyack and its environs, and is a public purpose, and the authority shall be regarded as performing an […]

1622-O – Tax Contract by the State.

§ 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 to this title, in consideration of the acceptance of and payment for the bonds or notes, that the bonds or notes of the […]

1622-P – Remedies of Bondholders.

§ 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 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 […]

1622-Q – Actions Against the Authority.

§ 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 or death, the complaint shall contain an allegation that at least thirty days have elapsed since the demand, claim or claims upon which such […]

1622-R – Termination of the Authority.

§ 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 discharged, and the termination date of its corporate existence as set forth in section sixteen hundred twenty-two-c of this title shall have been reached, […]

1622-S – Title Not Affected if in Part Unconstitutional or Ineffective.

§ 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 is not unconstitutional or ineffective, it shall be valid and effective and no other section, clause or provision shall […]

1622-T – Inconsistent Provisions in Other Acts Superseded.

§ 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 the village, the provisions of this title shall be controlling.