2012 New York Consolidated Laws
PBA - Public Authorities
Article 7 - PARKING AUTHORITIES
Title 7* - (1550*2 - 1568) ENDICOTT PARKING AUTHORITY
1557*2 - Moneys of the authority.

 
    * §  1557.  Moneys of the authority. All moneys of the authority shall
  be paid to the treasurer of the village 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 village treasurer  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
  village treasurer. All deposits of such moneys shall, if required by the
  village  treasurer  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 village
  treasurer 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 Dissolved December 31, 1977
    * NB There are 2 § 1557's