* § 152. Jones Beach State Parkway Authority. A board, to be known as "Jones Beach State Parkway Authority," is hereby created. Such board shall be a body corporate and politic constituting a public benefit corporation. It shall consist of the commissioners of the Long Island state park commission and their successors. In case such commission shall cease to exist the board shall consist of three members who shall be appointed by the governor, by and with the consent of the senate; the term of office of the members so appointed shall be two, four and six years, respectively, and thereafter the terms of office of the said members so appointed shall be six years. The president of the board shall be the president of the Long Island state park commission or if such commission shall cease to exist shall be appointed by the governor. The members of the board shall be entitled to no compensation for their services, but shall be entitled to reimbursement for all expenses incurred or to be incurred in connection with the Jones Beach parkway. The power of such corporation shall be vested in and exercised by a majority of the members of the board then in office. The board may delegate to one or more of its members, or to its agents and employees, such powers and duties as it may deem proper. The board and its corporate existence shall continue only for a period of five years and thereafter until all its liabilities have been met and its bonds have been paid in full or such liabilities or bonds have otherwise been discharged. Upon its ceasing to exist all its rights and properties shall pass to the state and become subject to the jurisdiction of the commission.

Terms Used In N.Y. Public Authorities Law 152

  • 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.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

* NB (Authority abolished June 30, 1978)

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