2012 New York Consolidated Laws
PBA - Public Authorities
Article 7 - PARKING AUTHORITIES
Title 16 - (1599-AAA - 1599-TTT) VILLAGE OF MOUNT KISCO PARKING AUTHORITY
1599-KKK - Agreements of the village.

 
    * §  1599-kkk.  Agreements  of  the  village. (a) The village of Mount
  Kisco is authorized to pledge to and agree with the holders of the bonds
  that the village will not limit or alter the rights hereby vested in the
  authority to acquire, construct, maintain, reconstruct and  operate  the
  project  or  projects,  to establish and collect rentals, fees and other
  charges and to fulfill the terms of any agreements made with the holders
  of the bonds, or in any way  impair  the  rights  and  remedies  of  the
  bondholders,  until  the  bonds,  together  with  interest thereon, with
  interest on any unpaid  installments  of  interest  and  all  costs  and
  expenses  in connection with any action or proceeding by or on behalf of
  the bondholders, are fully met and discharged.
    (b) The authority is hereby authorized, in its discretion, for and  on
  behalf  of  itself  and the village of Mount Kisco to covenant and agree
  with the holders of the bonds, with such exceptions and  limitations  as
  it  may deem in the public interest, that no public parking areas except
  those acquired and operated by the  authority  will  be  constructed  or
  operated  in  the  village  by  the village, or by any public benefit or
  other corporation the members or  some  of  which  are  elected  or  are
  appointed by village officials, until either
    (1)  the bonds, together with interest thereon, interest on any unpaid
  installments of interest and all costs and expenses in  connection  with
  any  action  or  proceeding by or on behalf of the bondholders are fully
  met and discharged or
    (2) principal or interest of any of the bonds  shall  be  overdue  and
  unpaid for a period of three years or more.
    * NB Authority ceased to exist 06/01/1976
    * NB There are 2 § 1599-kkk's