N.Y. General Municipal Law § 895: Onondaga county industrial development agency

* § 895. Onondaga county industrial development agency. 1. For the

benefit of the county of Onondaga and the inhabitants thereof, an

industrial development agency, to be known as the ONONDAGA COUNTY

INDUSTRIAL DEVELOPMENT AGENCY, is hereby established for the

accomplishment of any or all of the purposes specified in title one of

article eighteen-A of this chapter. It shall constitute a body corporate

and politic, and be perpetual in duration. It shall have the powers and

duties now or hereafter conferred by title one of article eighteen-A of

this chapter upon industrial development agencies. It shall be organized

in a manner prescribed by and be subject to the provisions of title one

of article eighteen-A of this chapter. Its members shall be appointed by

the governing body of the county of Onondaga. The agency, its members,

officers and employees, and its operations and activities, except as

provided specifically herein, shall be governed by the provisions of

title one of article eighteen-A of this chapter.

2. In addition to the powers and duties now or hereafter conferred by

title one of article eighteen-A of this chapter, the agency shall have

the power (i) to acquire, construct, own, maintain, and lease or sell to

a railroad or private business corporation any interest including

easements or rights of way, in one or more railroad supporting service

facilities located in Onondaga county, including necessary switching

apparatus, track, and other equipment necessary or convenient thereto,

which will be used in conjunction with industrial, manufacturing,

commercial or warehousing operations and (ii) to finance such facilities

through the issuance of its bonds and notes, when in the judgment of the

agency, such facilities will serve to promote, develop, encourage and

assist in the acquiring, constructing, reconstructing, improving,

maintaining, equipping and furnishing industrial, manufacturing,

warehousing, commercial, and research facilities including industrial

pollution control facilities and thereby advance the job opportunities,

health, general prosperity and economic welfare of the people of the

state and improve their prosperity and standard of living.

* NB Agency expires per §§ 856 and 882