* § 1599-fff. Conveyance of property by the city to the authority;
acquisition of property by the city or by the authority. 1. The city
may, by resolution or resolutions of the council or by instruments
authorized by such resolutions, convey, with or without consideration,
to the authority real and personal property owned by the city for use by
the authority as a project or projects or a part thereof. In case of
real property so conveyed, the title thereto shall remain in the city
but the authority shall have the use and occupancy thereof for so long
as its corporate existence shall continue. In the case of personal
property so conveyed, the title shall pass to the authority.

2. The city may acquire in the name of the city by purchase or
condemnation real property in the city for any of the projects or for
the widening of existing roads, streets, avenues or highways or for new
roads, streets, avenues or highways within a radius of one mile to any
of the projects, or partly for such purposes and partly for other city
purposes, by purchase or condemnation in the manner provided by law for
the acquisition of real property by the city. For like purposes, the
city may close such streets, roads, avenues, or highways as may be
necessary or convenient, except as to state highways and arterial ways
which may not be closed without the consent of the state commissioner of
transportation.

3. Contracts may be entered into between the city and the authority
providing for the property to be conveyed by the city to the authority,
the additional property to be acquired by the city and so conveyed, the
streets, roads, avenues, and highways to be closed by the city and the
amounts, terms and conditions of payment to be made by the authority.
Such contracts may also contain covenants by the city as to the road,
street, avenue and highway improvements to be made by the city. Any such
contracts between the city and the authority may be pledged by the
authority to secure its bonds and may not be modified thereafter except
as provided by the terms of the pledge. The council may authorize such
contracts between the city and the authority and no other authorization
on the part of the city for such contracts shall be necessary. Any such
contracts may be so authorized and entered into by the city and in such
manner as the council may determine, and the payments required to be
made by the city may be made and financed notwithstanding that no
provision therefor shall have first been made in the capital budget of
the city. All contractual or other obligations of the city incurred in
carrying out the provisions of this title shall be included in and
provided for by such capital budget of the city thereafter made, if and
to the extent that they may appropriately be included therein.

4. The authority may itself acquire real property for a project in the
name of the city at the cost and expense of the authority by purchase or
condemnation pursuant to the condemnation law or pursuant to the laws
relating to the condemnation of land by the city. The authority shall
have the use and occupancy of such real property so long as its
corporate existence shall continue.

5. In case the authority shall have the use and occupancy of any real
property which it shall determine is no longer required for a project
then, if such real property was acquired at the cost and expense of the
city, the authority shall have power to surrender its use and occupancy
thereof to the city, or, if such real property was acquired at the cost
and expense of the authority, then the authority shall have power to
sell, lease or otherwise dispose of said real property at public or
private sale, and shall retain and have the power to use the proceeds of
sale, rentals or other moneys derived from the disposition thereof for
its purposes.

* NB Authority ceased to exist 04/01/1977

* NB There are 2 § 1599-fff's