New York Laws
Title 10-B - Upper Mohawk Valley Memorial Auditorium Authority
1942 - Upper Mohawk Valley Memorial Auditorium Authority.

(b) Except as provided in paragraph (a) of this subdivision, the
authority and its corporate existence shall continue until terminated by
law, provided, however, that no such law shall take effect so long as
the authority shall have bonds or other obligations outstanding unless
adequate provision has been made for the payment or satisfaction
thereof. Upon termination of the existence of the authority, all of the
rights and properties of the authority then remaining shall pass to and
vest in the county in such a manner as prescribed by law.
5. It is hereby determined and declared, that the authority and the
carrying out of its powers and duties are in all respects for the
benefit of the people within 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 authority is and will be
performing an essential governmental function in the exercise of the
powers conferred upon it by this title.
6. Nothing in this title shall be construed to obligate the state in
any way in connection with the operations or obligations of the
authority.