* § 1599-m. 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 city of Niagara
Falls 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 Authority ceased to exist 07/01/1974

* NB There are 4 § 1599-m's