* § 1552. Moneys of the authority. All moneys of the authority shall
be paid to the treasurer of the village as agent of the authority, who
shall not commingle such moneys with any other moneys. Such moneys shall
be deposited in a separate bank account or accounts. The moneys in such
accounts shall be paid out by the treasurer on requisition of the
chairman of the authority or of such person or persons as the authority
may authorize to make such requisitions after audit by the treasurer.
All deposits of such moneys shall, if required by the treasurer or the
authority, be secured by obligations of the United States or of the
state of New York of a market value equal at all times to the amount of
the deposit, and all banks and trust companies are authorized to give
such security for such deposits. The treasurer and his legally
authorized representatives are authorized and empowered from time to
time to examine the accounts and books of the authority, including its
receipts, disbursements, contracts, leases, sinking funds, investments
and any other records and papers relating to its financial standing. The
authority shall have power, notwithstanding the provisions of this
section, to contract with the holders of any of its bonds as to the
custody, collection, securing, investment and payment of any moneys of
the authority or any moneys held in trust or otherwise for the payment
of bonds or in any way to secure bonds, and to carry out any such
contract notwithstanding that such contract may be inconsistent with the
previous provisions of this section. Moneys held in trust or otherwise
for the payment of bonds or in any way to secure bonds and deposits of
such moneys may be acquired in the same manner as moneys of the
authority, and all banks and trust companies are authorized to give such
security for such deposits. The accounts of the authority shall be
subject to the supervision of the state comptroller and he or his
legally authorized representatives are hereby authorized and empowered
from time to time to examine the accounts and books of the authority,
including its receipts, disbursements, contracts, sinking funds,
investments and any other matter relating to its financial standing and
fiscal affairs. The authority shall render a complete annual account of
its proceedings to the board of trustees at its first meeting in January
of each and every year.

* NB Dissolved December 1977

* NB There are 2 § 1552's