1475-A – Short Title.
§ 1475-a. Short title. This title may be cited as the “Syracuse parking authority act”.
1475-B – Definitions.
§ 1475-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 fourteen hundred seventy-five-c of this title; 2. The term “city” shall mean the city of Syracuse; 3. The term “bonds” shall mean the bonds, […]
1475-C – Syracuse Parking Authority.
§ 1475-c. Syracuse parking authority. 1. A board to be known as “city of Syracuse parking authority” is hereby created. Such board shall be a body corporate, constituting a public benefit corporation, and its existence shall commence upon the appointment of the members as provided in this section. It shall consist of a chair and […]
1475-D – Purpose and Powers of the Authority.
§ 1475-d. Purpose and powers of the authority. The purpose of the authority shall be to construct, operate and maintain one or more projects in the city. To carry out such purpose, the authority shall have power: 1. To sue and be sued; 2. To have a seal and alter the same at pleasure; 3. […]
1475-E – Contract for Employees.
§ 1475-e. Contract for employees. 1. The authority is hereby authorized to enter into a contract under which the contractor would provide employees to the authority for the purpose of operation and maintenance of the projects of the authority. The authority shall not begin operation of any project until such a contract shall be in […]
1475-F – Conveyance of Property by the City to the Authority; Acquisition of Property by the City or by the Authority.
§ 1475-f. Conveyance of property by the city to the authority; acquisition of property by the city or by the authority. 1. The city may, by ordinance or ordinances, local law or local laws or by instruments authorized by such ordinance or ordinances, local law or local laws, convey, with or without consideration, and upon […]
1475-G – Construction Contracts.
§ 1475-g. Construction contracts. 1. The authority shall let contracts for construction in the same manner, so far as practicable, as is provided by law for contracts of the city, except that where the estimated expense of a contract does not exceed five thousand dollars, such contract may be entered into without public letting. Nothing […]
1475-H – Moneys of the Authority.
§ 1475-h. Moneys of the authority. All moneys of the authority from whatever source derived shall be paid to the commissioner of finance of the city 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 […]
1475-I – Bonds or Notes of the Authority.
§ 1475-i. Bonds or notes of the authority. 1. The authority shall have the power and is hereby authorized from time to time to issue bonds, notes or other obligations in conformity with applicable provisions of the uniform commercial code to pay the cost of any project, the establishment of reserves to secure the bonds, […]
1475-J – Agreement With State.
§ 1475-j. Agreement with state. The state does hereby pledge to and agree with the holders of any bonds issued by the authority pursuant to this title and with those persons or public authorities who may enter into contracts with the authority pursuant to the provisions of this title that the state will not alter, […]
1475-K – Agreements of the City.
§ 1475-k. Agreements of the city. 1. The city is authorized to pledge to and agree with the holders of any bonds issued by the authority pursuant to this title and with those persons or public authorities who may enter into contracts with the authority pursuant to the provisions of this title that the city […]
1475-L – State and City Not Liable on Bonds.
§ 1475-l. State and city 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 city, and neither the state nor the city shall be liable thereon, nor shall they be payable out of any funds other than those […]
1475-M – Bonds; Legal Investments for Fiduciaries.
§ 1475-m. Bonds; legal investments for fiduciaries. The bonds of the authority are hereby made securities in which all public officers and bodies of this 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 banks and savings associations, […]
1475-N – Tax Exemptions and Tax Contract by the State.
§ 1475-n. Tax exemptions and tax contract by the state. 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 state of New York and is a public purpose. Accordingly, the authority shall be […]
1475-O – Audit and Annual Reports.
§ 1475-o. Audit and annual reports. 1. In conformity with the provisions of section five of article ten of the constitution, the accounts of the authority shall be subject to the supervision of the state comptroller and an annual audit shall be performed by an independent certified public accountant. The authority shall annually submit to […]
1475-P – Remedies of Bondholders.
§ 1475-p. Remedies of bondholders. Subject to any resolution or resolutions adopted pursuant to this title: 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 […]
1475-Q – Actions Against the Authority.
§ 1475-q. Actions against the authority. 1. Except in an action for wrongful death, no action or special proceeding shall be prosecuted or maintained against the authority, its members, officers or employees for personal injury or damage to real or personal property alleged to have been sustained by reason of the negligence, tort or wrongful […]
1475-R – Defense and Indemnification.
§ 1475-r. Defense and indemnification. The authority shall not execute any of its powers except as necessary to commence its corporate existence, until it has elected to make the provision of section eighteen of the public officers law applicable to its employees (as such term is defined in section eighteen of the public officers law) […]
1475-S – Code of Ethics.
§ 1475-s. Code of ethics. 1. Definition. As used in this section the term “authority employee” shall mean any member, officer or employee of the authority. 2. Rule with respect to conflicts of interest. No authority employee should have any interest, financial or otherwise, direct or indirect, or engage in any business or transaction or […]
1475-T – Termination of the Authority.
§ 1475-t. Termination of the authority. Whenever all of the bonds issued by the authority shall have been redeemed or cancelled, the authority shall cease to exist and all rights, titles, and interest and all obligations and liabilities thereof vested in or possessed by the authority shall thereupon vest in and be possessed by the […]