§ 59.03. Definitions. As used or referred to in this title, unless a different meaning clearly appears from the context,

Terms Used In N.Y. Arts and Cultural Affairs Law 59.03

  • 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.

1. The term "Planetarium Authority" shall mean the corporation created by section 59.05 of this chapter;

2. The term "planetarium" shall mean the planetarium herein authorized and shall include the building housing the same and all machinery, equipment, facilities and educational material incidental thereto;

3. The term "bonds" shall mean bonds issued by the authority pursuant to this title;

4. The term "board" shall mean the members of the board of directors of the Planetarium Authority.