N.Y. Public Authorities Law 2659 – Acquisition of land
§ 2659. Acquisition of land. The authority, upon the terms and conditions approved by resolution of the authority, shall have the power to acquire real property located within the service district by purchase, lease or condemnation to accomplish its lawful purposes. It shall also have the power to sell, lease or otherwise dispose of real property and shall retain and have the power to use the proceeds of such sale, rentals or other monies derived from the disposition thereof for its lawful purposes. A resolution of the authority to condemn real property shall require a two-thirds majority of the board for approval.
Terms Used In N.Y. Public Authorities Law 2659
- Chairman: means the chairman of the dormitory authority. See N.Y. Public Authorities Law 1695
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Claims for the value of the real property condemned and for legal damages caused by any such condemnation shall be adjusted and determined by the chairman with the approval of the board, or by the supreme court of Schenectady county as provided in section twenty-six hundred seventy of this title. When a claim has been filed with the supreme court, the claimant shall cause a copy of such claim to be served upon the authority and the authority shall have the right to be represented and heard before said court. All awards and judgments arising from such claims shall be paid out of moneys of the authority.