Section 1599-E. Conveyance of property by the city to the authority; acquisition of property by the city or by the authority

1.  The  city  may,   by  resolution  or  resolutions  of  the  common  council  or  by
  instruments authorized by such  resolutions,  convey,  with  or  without
  consideration,  and  upon  appropriate conditions as to outstanding city
  bonds appertaining thereto, to the authority real and personal  property
  owned by the city for use by the authority as a project or projects or a
  part  thereof.  In  case of real property so conveyed, the title thereto
  shall remain in the city but  the  authority  shall  have  the  use  and
  occupancy thereof for so long as its corporate existence shall continue.
  In  the  case  of personal property so conveyed, the title shall pass to
  the authority.
    2. The city may acquire in  the  name  of  the  city  by  purchase  or
  condemnation  real  property  in the city for any of the projects or for
  the widening of existing roads, streets, avenues, or  highways,  or  for
  new  roads,  streets, avenues or highways within a radius of one mile to
  any of the projects, or partly for such purposes and  partly  for  other
  city purposes, by purchase or condemnation in the manner provided by law
  for the acquisition of real property by the city. For like purposes, the
  city  may  close  such  streets,  roads,  avenues, or highways as may be
  necessary or convenient, except as to state highways and  arterial  ways
  which may not be closed without the consent of the state commissioner of
  transportation.
    3.  Contracts  may  be entered into between the city and the authority
  providing for the property to be conveyed by the city to the  authority,
  the  additional property to be acquired by the city and so conveyed, the
  streets, roads, avenues, and highways to be closed by the city  and  the
  amounts,  terms  and  conditions of payment to be made by the authority.
  Such contracts may also contain covenants by the city as  to  the  road,
  street, avenue and highway improvements to be made by the city. Any such
  contracts  between  the  city  and  the  authority may be pledged by the
  authority to secure its bonds and may not be modified thereafter  except
  as provided by the terms of the pledge. The common council may authorize
  such  contracts  between  the  city  and  the  authority  and  no  other
  authorization on the part of  the  city  for  such  contracts  shall  be
  necessary.  Any  such contracts may be so authorized and entered into by
  the city and in such manner as the common council may determine, and the
  payments required to be made by  the  city  may  be  made  and  financed
  notwithstanding  that  no provisions therefor shall have first been made
  in the annual budget of the city. All contractual or  other  obligations
  of  the city incurred in carrying out the provisions of this title shall
  be included in and provided for  by  each  annual  budget  of  the  city
  thereafter  made,  if  and  to the extent that they may appropriately be
  included therein.
    4. The authority may, subject to the approval of the common council of
  the city of Niagara Falls, itself acquire real property for a project in
  the name of the city at the cost and expense of the authority  by  gift,
  purchase or condemnation pursuant to the condemnation law or pursuant to
  the laws relating to the condemnation of land by the city. The authority
  shall  have  the  use and occupancy of such real property so long as its
  corporate existence shall continue.
    5. In case the authority shall have the use and occupancy of any  real
  property  which  it  shall determine is no longer required for a project
  then, if such property was acquired at the cost and expense of the city,
  the authority shall have the power to surrender its  use  and  occupancy
  thereof  to the city, or, if such real property was acquired at the cost
  and expense of the authority, then the authority shall have the power to
  sell, lease or otherwise dispose of said  real  property  at  public  or

  private sale, and shall retain and have the power to use the proceeds of
  sale,  rentals, or other moneys derived from the disposition thereof for
  its purposes.
    * NB Authority ceased to exist 07/01/1974
    * NB There are 4 § 1599-e's