§ 194-a. Powers of town boards with respect to certain contracts. Upon
the adoption of a resolution, the town board of any town may enter into
such contracts, as it may deem necessary, with any person, corporation
or association for the purpose of ensuring that the cost of any
improvement district will not constitute an undue burden upon the
property within such district and may require the filing of a surety
bond or bonds or the deposit of cash or securities with the town board
to ensure the performance of such contracts.