N.Y.
General Municipal Law Section 914
St
1.
For the benefit of the county of St. Lawrence and the inhabitants thereof, an industrial development agency, to be known as the ST. LAWRENCE COUNTY INDUSTRIAL DEVELOPMENT AGENCY, is hereby established for the accomplishment of any or all of the purposes specified in title one of article 18-A (Industrial Development)article eighteen-A of this chapter. 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 article 18-A (Industrial Development)article eighteen-A of this chapter upon industrial development agencies and provide that the exercise of the powers by such agency with respect to the acquisition of real property whether by purchase, condemnation or otherwise shall be limited to the corporate limits of the county of St. Lawrence, 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 article 18-A (Industrial Development)article eighteen-A of this chapter. Its members shall be appointed by the governing body of the county of St. Lawrence. 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 article 18-A (Industrial Development)article eighteen-A of this chapter.2.
In addition to the powers and duties now or hereafter conferred by title one of article 18-A (Industrial Development)article eighteen-A of this chapter, 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 within St. Lawrence 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, encourage 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. * NB Agency expires per §§ 856 and 882
Source:
Section 914 — St, https://www.nysenate.gov/legislation/laws/GMU/914 (updated Mar. 20, 2015; accessed Dec. 21, 2024).
