New York Laws
Title 2 - Albany Light, Heat and Power Authority
1031 - Properties Acquired by the Authority.

* § 1031. Properties acquired by the authority. The board of
supervisors, when appointing the authority, may adopt a resolution
providing, or it may by later agreement with the authority provide, that
all properties acquired by the authority shall be acquired in or
transferred to the name of the county or taken and held by the authority
as a governmental agency of the county. The board of supervisors may at
such time or by a later resolution provide that the county shall raise
all or any part of the money necessary for the purposes of this title
and may provide a fund from which appropriations may be made by the
board of supervisors for the acquisition, construction and equipment of
such properties, and to pay all costs, charges, expenses and liabilities
incurred or to be incurred by the authority, or which the county may
properly advance to the authority for the purposes of this title. The
county shall be reimbursed out of the revenues of the authority for any
moneys so paid. In making advances to the authority the board of
supervisors may require a resolution of the authority and agreements by
it pledging the revenues of the authority to the county and giving to
the county a prior charge upon such revenues substantially as provided
under section one thousand thirty-five, and limiting the power of the
authority including the power to issue any obligations of its own under
this title. Whenever the authority shall be and continue in default for
a period exceeding thirty days in meeting any obligation it may have
assumed to the county, the board shall also have power by resolution to
remove any one or more or all of the members and to fill the vacancies
caused thereby.

* NB Terminated July 1, 1963