N.Y. Transportation Corporations Law § 43: Powers

§ 43. Powers. Every such corporation shall have the following

additional powers:

1. To lay and maintain its pipes and hydrants for delivering and

distributing water in any street, highway or public place of any city,

town or village in which it has obtained the consent required by section

forty-one of this article.

2. To lay its water pipes in any streets or avenues or public places

of an adjoining city, town or village; provided that such right in an

adjoining city or village having a population of more than twelve

thousand inhabitants shall be subject to the permission of the local

authorities thereof and upon such conditions as they may prescribe.

3. To cause examinations and surveys to be made to determine the

proper location of its waterworks, and for such purpose by its officers,

agents or servants to enter upon any lands or waters, subject to

liability for all damages done.

4. To enter into appropriate agreements with the secretary of

agriculture of the United States department of agriculture to operate

without profit for the term specified therein for the purpose of

qualifying to receive federal assistance pursuant to the consolidated

farmers home administration act of nineteen hundred sixty-one and any

federal laws amendatory and supplementary thereto. Any such agreement to

operate without profit shall be subject to the approval of a majority of

the stockholders entitled to vote thereat at any regular or special

stockholders' meeting. Any stockholder so entitled to vote who does not

vote for or consent in writing to the taking of this action, shall,

subject to and by complying with the provisions of section six hundred

twenty-three of the business corporation law, have the right to receive

payment of the fair value of his stock and the other rights and benefits

provided by such section.