N.Y. Public Authorities Law 1357 – Real estate and title thereto
§ 1357. Real estate and title thereto. 1. The authority may lease or acquire title to real and personal property including water front property, ferries, bridges, wharf property, land under water, public landings, wharves and docks in the name of "Oswego port authority" by purchase, grant or gift from the city of Oswego, town of Scriba, state of New York, United States of America, or from any corporation or individual for the development of port facilities and industrial projects in the district, and shall have the power to sell, subject to approval by order of the supreme court, lease or otherwise dispose of said real property and shall retain and have the power to use the proceeds of sale, rentals or other moneys derived from the disposition thereof for its purposes. Any instrument affecting real property shall be signed by the chairman of the authority, attested by its secretary and have the seal of the authority affixed thereto.
Terms Used In N.Y. Public Authorities Law 1357
- authority: shall mean the corporation created by section thirteen hundred fifty-three of this title. See N.Y. Public Authorities Law 1351
- city: shall mean the city of Oswego. See N.Y. Public Authorities Law 1351
- 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.
- district: shall mean the Oswego port authority district created by section eighteen hundred twenty-seven of this title. See N.Y. Public Authorities Law 1351
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: All property that is not real property.
- port facilities: shall mean , among other things, wharfs, docks, piers, terminals, railroad tracks or terminals, cold storage and refrigerating plants, warehouses, elevators, freight-handling machinery and such equipment as is used in the handling of freight and the establishment and operation of a port, and work of deepening parts of the Oswego river and Lake Ontario adjacent to the terminal exclusive of the harbor channel, within the port district, and any other works, properties, buildings, structures or other facilities necessary or desirable in connection with the development and operation of port facilities in the district. See N.Y. Public Authorities Law 1351
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- town: shall mean the town of Scriba, Oswego county. See N.Y. Public Authorities Law 1351
1-a. Authority is hereby conferred upon the city of Oswego and the town of Scriba to give, lease, sell, grant and convey real and personal property including water front property, ferries, bridges, wharf property, land under water, public landings, wharves and docks to the authority, with or without consideration as such city or town shall determine.
2. The authority shall have power to condemn real property located within its territorial limits and owned by any person or corporation, excepting a person or corporation subject to the jurisdiction, supervision and regulation of the Public Service Commission, which the authority deems necessary for the development of port facilities and industrial projects in the district. The authority shall exercise the power of condemnation hereby granted in the manner provided in the condemnation law.
3. The authority and the city of Oswego may enter into contracts for the acquisition by the city or the authority of real property for the benefit of and in the name of the city of Oswego for the purpose of widening existing streets, avenues, parkways, roads or highways or for new streets, avenues, parkways, roads or highways to port facilities within the port district, or partly for such purpose and partly for other city purposes. Such contracts may provide for the work of improvement by the city. The city may close such streets, avenues, parkways, roads or highways as may be necessary or convenient.