New York Laws
Title 10 - Upper Mohawk Valley Regional Water Finance Authority
1226-E - Water Board.

(b) The water board and its corporate existence shall continue until
terminated by law, provided, however, that no such law shall take effect
so long as the water board shall have contractual duties or obligations
outstanding unless adequate provision has been made for the satisfaction
thereof. Upon termination of the existence of the water board, all of
the rights and properties of the water board then remaining shall pass
to and vest as follows: all properties acquired by the water board from
either the city or the board of water supply, except properties
identified at the time of transfer as being "southern reservoir
property" shall vest in the city; all property identified at the time of
transfer as being "southern reservoir property" shall vest jointly in
the city and in the town of New Hartford; all other properties shall
vest jointly in the city and the towns and villages in the service area
in such a manner as prescribed by law.
6. It is hereby determined and declared that the water board and the
carrying out of its powers and duties are in all respects for the
benefit of the people of the service area and the state for the
improvement of their health, welfare and prosperity and that such
purposes are public purposes and that the water board is and will be

performing an essential governmental function in the exercise of the
powers conferred upon it by this title.
7. The water board shall establish and maintain its principal office
at which it conducts its business in the city's city hall.
Notwithstanding any general, special or local law or any charter
provision, the city shall, and is hereby authorized to, lease to the
water board such office space as the city and the water board mutually
determine to be necessary and appropriate for the needs of the water
board, which lease shall be for an initial term of thirty years and
shall be for such consideration and shall contain such terms and
conditions as the water board and the city shall determine reasonable
and appropriate.