N.Y. Public Authorities Law § 1357: Real estate and title thereto

§ 1357. Real estate and title thereto. 1. The authority may lease or

acquire title to real and personal property including water front

property, ferries, bridges, wharf property, land under water, public

landings, wharves and docks in the name of "Oswego port authority" by

purchase, grant or gift from the city of Oswego, town of Scriba, state

of New York, United States of America, or from any corporation or

individual for the development of port facilities and industrial

projects in the district, and shall have the power to sell, subject to

approval by order of the supreme court, lease or otherwise dispose of

said real property and shall retain and have the power to use the

proceeds of sale, rentals or other moneys derived from the disposition

thereof for its purposes. Any instrument affecting real property shall

be signed by the chairman of the authority, attested by its secretary

and have the seal of the authority affixed thereto.

1-a. Authority is hereby conferred upon the city of Oswego and the

town of Scriba to give, lease, sell, grant and convey real and personal

property including water front property, ferries, bridges, wharf

property, land under water, public landings, wharves and docks to the

authority, with or without consideration as such city or town shall

determine.

2. The authority shall have power to condemn real property located

within its territorial limits and owned by any person or corporation,

excepting a person or corporation subject to the jurisdiction,

supervision and regulation of the Public Service Commission, which the

authority deems necessary for the development of port facilities and

industrial projects in the district. The authority shall exercise the

power of condemnation hereby granted in the manner provided in the

condemnation law.

3. The authority and the city of Oswego may enter into contracts for

the acquisition by the city or the authority of real property for the

benefit of and in the name of the city of Oswego for the purpose of

widening existing streets, avenues, parkways, roads or highways or for

new streets, avenues, parkways, roads or highways to port facilities

within the port district, or partly for such purpose and partly for

other city purposes. Such contracts may provide for the work of

improvement by the city. The city may close such streets, avenues,

parkways, roads or highways as may be necessary or convenient.