New York Laws
Title 16* - Jamestown Parking Authority
1599-HHH*2 - Moneys of the Authority.

* § 1599-hhh. Moneys of the authority. All moneys of the authority
shall be paid to the city comptroller of the city as agent of the
authority, who shall not commingle such moneys with any other moneys.
Such moneys shall be deposited in a separate bank account or accounts.
The moneys in such accounts shall be paid out by the city comptroller on
requisition of the chairman of the authority or of such other person or
persons as the authority may authorize to make such requisitions after
audit by the city comptroller. All deposits of such moneys shall, if
required by the city comptroller or the authority, be secured by
obligations of the United States or of the state of New York of a market
value equal at all times to the amount of the deposit, and all banks and
trust companies are authorized to give such security for such deposits.
The city comptroller and his legally authorized representatives are
authorized and empowered from time to time to examine the accounts and
books of the authority, including its receipts, disbursements,
contracts, leases, sinking funds, investments and any other records and
papers relating to its financial standing. The authority shall have
power, notwithstanding the provisions of this section, to contract with
the holders of any of its bonds as to the custody, collection, securing,
investment and payment of any moneys of the authority or any moneys held
in trust or otherwise for the payment of bonds or in any way to secure
bonds, and to carry out any such contract notwithstanding that such
contract may be inconsistent with the previous provisions of this
section. Moneys held in trust or otherwise for the payment of bonds or
in any way to secure bonds and deposits of such moneys may be acquired
in the same manner as moneys of the authority, and all banks and trust
companies are authorized to give such security for such deposits.

The accounts of the authority shall be subject to the supervision of
the state comptroller.

* NB Authority ceased to exist 04/01/1977

* NB There are 2 § 1599-hhh's