Section 906-A. Allegany county industrial development agency

1. For the
  benefit of the county  of  Allegany  and  the  inhabitants  thereof,  an
  industrial  development  agency,  to  be  known  as  the ALLEGANY COUNTY
  INDUSTRIAL  DEVELOPMENT  AGENCY,   is   hereby   established   for   the
  accomplishment  of  any or all of the purposes specified in title one of
  this article. It shall constitute a body corporate and politic,  and  be
  perpetual  in  duration.  It  shall  have  the  powers and duties now or
  hereafter conferred  by  title  one  of  this  article  upon  industrial
  development  agencies  and  provided  that the exercise of the powers by
  such agency with respect to the acquisition of real property whether  by
  purchase,  condemnation  or  otherwise, other than in furtherance of the
  power conferred by subdivision two of this section, shall be limited  to
  the  corporate  limits  of the county of Allegany, and such agency shall
  take into consideration the local zoning  and  planning  regulations  as
  well as the regional and local comprehensive land use plans. It shall be
  organized  in a manner prescribed by and be subject to the provisions of
  title one of this  article.  Its  members  shall  be  appointed  by  the
  governing  body  of  the  county  of  Allegany. The agency, its members,
  officers and employees and its operations and activities  shall,  except
  as  provided specifically herein, be governed by the provisions of title
  one of this article.
    2. In addition to the powers and duties now or hereafter conferred  by
  title  one  of  this  article,  the  agency  shall have the power (i) to
  acquire, construct, own, maintain, and lease or sell to  a  railroad  or
  private  business  corporation any interest in railroads operated wholly
  or  partially   within   Allegany   county,   including   easements   or
  rights-of-way, necessary switching apparatus, track, and other equipment
  necessary or convenient to the operation of such railroad, which will be
  used  in  conjunction  with  industrial,  manufacturing,  commercial  or
  warehousing operations and (ii) to finance such facilities  through  the
  issuance  of  its  bonds  and notes, when in the judgment of the agency,
  such facilities will  serve  to  promote,  develop  and  assist  in  the
  acquiring,   constructing,   reconstructing,   improving,   maintaining,
  equipping and  furnishing  of  industrial,  manufacturing,  warehousing,
  commercial,  and  research  facilities  including  industrial  pollution
  control facilities and thereby advance the  job  opportunities,  health,
  general  prosperity  and economic welfare of the people of the state and
  improve their prosperity and standard of living.   The powers  conferred
  pursuant  to  this  subdivision  with respect to the acquisition of real
  property  shall  not  include  the  acquisition  of  real  property   by
  condemnation.    Notwithstanding  the  taxable  status date set forth in
  section three hundred two of the real property  tax  law  or  any  other
  provision  of  law  to  the  contrary,  if,  prior to September fifteen,
  nineteen   hundred   ninety-five,   the   agency   acquires   ownership,
  jurisdiction, supervision or control of any portion of the railroad line
  known  as  the  "Southern  Tier  Line," which is located between the New
  York-Pennsylvania state line in the county of Chautauqua and the city of
  Hornell, and complies  with  all  other  applicable  provisions  of  law
  pertaining  to the filing of an application for exemption, such property
  and the agency's activities with respect thereto shall  be  entitled  to
  exemption from taxes or assessments as otherwise provided by law, except
  for  nineteen  hundred ninety-five--ninety-six school taxes levied prior
  to September fifteen, nineteen hundred ninety-five.  The  tax  exemption
  conferred  pursuant  to  this  subdivision shall be subject to the prior
  consent of the affected tax jurisdictions that are located  outside  the
  county of Allegany, and shall not apply to special ad valorem levies and
  special assessments.