§ 2049-j. State, town and municipalities not liable on bonds. Neither the state, town nor any other municipality or public corporation shall be liable on the bonds of the authority and such bonds shall not be a debt of the state, town or any other municipality or public corporation, and such bonds shall contain, on the face thereof, a statement to such effect.

Terms Used In N.Y. Public Authorities Law 2049-J

  • Authority: shall mean the public benefit corporation created by section two thousand forty-nine-c of this title, known as the town of North Hempstead solid waste management authority. See N.Y. Public Authorities Law 2049-B
  • Bonds: shall mean the bonds, notes or other evidences of indebtedness issued by the authority pursuant to this title and the provisions of this title relating to bonds and bondholders shall apply with equal force and effect to notes and noteholders, respectively, unless the context otherwise clearly requires. See N.Y. Public Authorities Law 2049-B
  • 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.
  • Municipality: shall mean any county, city, town, village, refuse district under the county law, improvement district under the town law, any other such instrumentality, including any agency or public corporation of the state, any such instrumentality created under the Nassau county civil divisions act, or any of the foregoing, or any combination thereof. See N.Y. Public Authorities Law 2049-B
  • State: shall mean the state of New York. See N.Y. Public Authorities Law 2049-B
  • Town: shall mean the town of North Hempstead. See N.Y. Public Authorities Law 2049-B
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