Legislation
SECTION 1026
Albany Light, Heat and Power Authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 2
* § 1026. Albany Light, Heat and Power Authority. There is hereby
defined and established an area in the county of Albany to be known as
the "Albany light, heat and power district," which shall embrace all the
territory comprised within the cities of Albany, Cohoes and Watervliet,
the villages of Ravena, Green Island, Colonie, Menands, Voorheesville
and Altamont, and the towns of Bethlehem, Coeymans, Colonie, Green
Island, Guilderland and New Scotland, within such county. Such district
may be extended at any time to include additional territory within such
county, in the manner provided in section one thousand twenty-eight.
There is also hereby created and established a public corporation, to
be known as "Albany Light, Heat and Power Authority," hereinafter in
this title referred to as "the authority." The authority shall be a body
corporate and politic constituting a public benefit corporation, the
objects of which in the judgment of the legislature cannot be attained
under general laws. It shall have the power to acquire by the exercise
of the right of eminent domain or otherwise such real estate and other
property as may be necessary, to sue and be sued, to incur debts,
liabilities and obligations, to issue bonds and other evidences of
indebtedness, to have a seal, and to exercise all powers authorized by
this title and reasonably necessary for accomplishing its purposes, or
properly incidental thereto, subject to the provisions herein contained
and to the constitution and laws of the United States and of New York
state. Such powers shall be exercised in the name of the authority. Such
authority shall continue only until July first, nineteen hundred
sixty-three, 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; provided, however, that no appropriation made
to the authority by the state of New York or by any political
subdivision thereof, shall be deemed a liability for the purposes of
this section.
* NB Terminated July 1, 1963
defined and established an area in the county of Albany to be known as
the "Albany light, heat and power district," which shall embrace all the
territory comprised within the cities of Albany, Cohoes and Watervliet,
the villages of Ravena, Green Island, Colonie, Menands, Voorheesville
and Altamont, and the towns of Bethlehem, Coeymans, Colonie, Green
Island, Guilderland and New Scotland, within such county. Such district
may be extended at any time to include additional territory within such
county, in the manner provided in section one thousand twenty-eight.
There is also hereby created and established a public corporation, to
be known as "Albany Light, Heat and Power Authority," hereinafter in
this title referred to as "the authority." The authority shall be a body
corporate and politic constituting a public benefit corporation, the
objects of which in the judgment of the legislature cannot be attained
under general laws. It shall have the power to acquire by the exercise
of the right of eminent domain or otherwise such real estate and other
property as may be necessary, to sue and be sued, to incur debts,
liabilities and obligations, to issue bonds and other evidences of
indebtedness, to have a seal, and to exercise all powers authorized by
this title and reasonably necessary for accomplishing its purposes, or
properly incidental thereto, subject to the provisions herein contained
and to the constitution and laws of the United States and of New York
state. Such powers shall be exercised in the name of the authority. Such
authority shall continue only until July first, nineteen hundred
sixty-three, 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; provided, however, that no appropriation made
to the authority by the state of New York or by any political
subdivision thereof, shall be deemed a liability for the purposes of
this section.
* NB Terminated July 1, 1963