* § 1563. Tax exemptions. 1. It is hereby determined that the creation
of the authority and the carrying out of its corporate purposes is in
all respects for the benefit of the people of the village of Endicott
and its environs, and is a public purpose, and the authority shall be
regarded as performing a governmental function in the exercise of the
powers conferred upon it by this title and shall be required to pay no
taxes or assessments upon any of the property acquired by it or under
its jurisdiction or control or supervision or upon its activities.

2. Any bonds or notes issued pursuant to this title, together with the
income therefrom, as well as the property of the authority, shall be
exempt from taxation, except for transfer and estate taxes.

* NB Dissolved December 31, 1977

* NB There are 2 § 1563's