Legislation

Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 834
Covenants with authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 4, TITLE 2
§ 834. Covenants with authority. Any county, city, town or village
within the territorial limits of the district may by ordinance or
resolution of its governing body make covenants with the authority which
shall enure to the benefit of the holders of any bonds issued under this
title and which shall be a part of the contract with the holders in such
bonds, as to

1. the authorizing of the construction of any market facilities which
will be competitive with any market facilities owned or operated by the
authority or within a reasonable sphere of operation and extension of
market facilities by the authority;

2. discontinuing of market facilities then owned or operated by the
county, city, town or village or department or agency thereof;

3. limitations on the licensing of private market facilities within
the territorial limits of the county, city, town or village which may
compete with the market facilities owned or operated by the authority or
within a reasonable sphere of operation or extension by the authority.