§ 40. Definition. A water-works corporation is a corporation organized to supply water by mains or pipes to any of the cities, towns or villages in this state, and the inhabitants thereof.

Terms Used In N.Y. Transportation Corporations Law 40

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
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