Section 1599-B. Definitions  


Latest version.
  • 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
      fifteen hundred ninety-nine-c of this title;
        2. The term "city" shall mean the city of Schenectady;
        3.  The term "bonds" shall mean the bonds and notes authorized in this
      title;
        4. The term "board" shall mean the members of the authority;
        5. The term "comptroller" shall mean the comptroller of the state;
        6. The term "project" shall mean any area or place operated or  to  be
      operated  by the authority for the parking or storing of motor and other
      vehicles and shall, without limiting the foregoing, include all real and
      personal property, driveways, roads, approaches,  structures,  terminals
      of   all   kinds,   garages,   meters,  mechanical  equipment,  and  all
      appurtenances and facilities either on, above or under the ground  which
      are  used  or  usable in connection with such parking or storing of such
      vehicles in the area of the city;
        7. The term "projects" shall mean more than one project;
        8. The term "property" shall mean  the  project  or  projects  of  the
      authority,  including  all  real  and  personal  property  or  any other
      property incidental to and included in such project or projects or  part
      thereof, and any improvements, extensions and betterments;
        9.  The term "real property" shall mean lands, structures, franchises,
      and interest in lands, and any and all things  usually  included  within
      the  said  term, and includes not only fees simple absolute but also any
      and all lesser interest, such as easements, rights of way, uses, leases,
      licenses, and all other  incorporeal  hereditaments  and  every  estate,
      interest  or  right,  legal  or equitable, including terms of years, and
      liens thereon by way of judgments,  mortgages  or  otherwise,  and  also
      claims for damage to real estate, in the area of the city;
        10. The term "state" shall mean the state of New York.
        * NB Authority ceased to exist 08/05/2002
        * NB There are 4 § 1599-b's