N.Y. Town Law § 194-a: Powers of town boards with respect to certain contracts

§ 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.