§ 153-B — Further additional powers of the authority

* § 153-b. Further additional powers of the authority. The authority\nshall have the power, in addition to the powers granted in other\nsections of this title:\n 1. To construct an extension of Meadowbrook state parkway from the\nSouthern state parkway to the Northern state parkway with incidental\nroads, structures, facilities and bridges and to maintain, reconstruct\nand operate such extension;\n 2. To reconstruct, widen and otherwise improve and thereafter\nmaintain, reconstruct and operate (a) Southern state parkway, together\nwith incidental parkway facilities now existing or hereafter\nconstructed, on and along said parkway, from and including a connection\nwith the Belt parkway to Wantagh avenue and to acquire real property and\nrights therein for future widening of Southern state parkway between\nWantagh avenue and the easterly boundary of Nassau county, (b)\nMeadowbrook state parkway from Merrick road to the Southern state\nparkway, and (c) Wantagh state parkway from Merrick road to the Southern\nstate parkway;\n 3. To construct, reconstruct, improve and thereafter maintain and\noperate facilities such as gasoline, comfort, repair and storage\nstations and other similar facilities along the route of the extension\nof Meadowbrook state parkway referred to in paragraph one of this\nsection and the parts of the parkways referred to in paragraph two of\nthis section, to contract for such construction, and to lease the right\nto construct and use such facilities on such terms and for such\nconsideration as it shall determine, provided, however, that no lease be\nmade for a period of more than ten years from the date when it is made;\n 4. To construct and maintain over, under, along or across the\nextension of Meadowbrook state parkway referred to in paragraph one of\nthis section and the parts of the parkways referred to in paragraph two\nof this section, telephone, telegraph or electric wires and cables, gas\nmains, water mains, and other mechanical equipment not inconsistent with\npark or parkway purposes; to contract for such construction and to lease\nthe right to construct and/or use the same on such terms and for such\nconsideration as it shall determine, provided, however, that no lease\nshall be made for a period of more than ten years from the date when it\nis made. The authority shall also have power to grant, with respect to\nany real property under its jurisdiction, on such terms and conditions\nand under such regulations and restrictions as the authority shall deem\njust and proper, licenses or easements to any governmental agency of the\nstate of New York or to any municipal corporation, public district or\ngovernmental agency thereof, or to the United States of America or any\ngovernmental agency thereof for any public purposes and in addition\nthereto may grant licenses or easements to individuals, partnerships and\ncorporations for drainage facilities, sewers, water and gas mains,\nelectric and telephone conduits, and railroad facilities. The authority\nshall also have power to sell, exchange or otherwise dispose of any real\nproperty or interest therein acquired at the cost and expense of the\nauthority pursuant to the exercise of the powers granted by section one\nhundred fifty-eight-b of this title which is not necessary for its\ncorporate purposes or whenever the board shall determine that it is in\nthe interest of the authority to do so. The proceeds of any such sale\nshall be paid to the authority and applied to its corporate purpose.\n 5. To charge tolls for the use of the part of Southern state parkway\nimproved by the authority subject to and in accordance with any\nagreements with bondholders made as hereinafter provided. The toll shall\nbe ten cents unless the revenues from such tolls and the income from the\nfacilities authorized by the foregoing provisions of this section are\ninsufficient to meet all obligations of such agreements and to pay the\ncosts of operating and maintaining the parkways and facilities operated\nand maintained by the authority pursuant to the foregoing provisions of\nthis section. The revenue from such tolls and the income from such\nfacilities shall be used only to meet such obligations and to pay the\ncost of constructing, reconstructing, operating and maintaining such\nparkways and facilities;\n 6. To pledge the tolls from the Southern state parkway and any other\nrevenues from the parkways operated and maintained by the authority\npursuant to this section;\n 7. From time to time to issue bonds in the aggregate principal amount\nof forty million dollars for any or all of the following purposes and\npurposes incidental thereto: (a) purposes authorized by section one\nhundred fifty-three-b; (b) reconstructing, widening and otherwise\nimproving Meadowbrook parkway from Merrick road to Jones Beach state\npark, Wantagh parkway from Merrick road to Jones Beach state park and\nLoop parkway; (c) constructing additional parking facilities on Jones\nBeach at a total cost of not exceeding one million two hundred fifty\nthousand dollars; and (d) the payment of all costs and expenses\nincidental to the issuance of such bonds, including interest during\nconstruction. Such bonds shall mature not later than forty years from\nJanuary first, nineteen hundred fifty-four, and the authority shall not\nhave power to refund the issuance of such bonds. The authority shall\nhave power to employ financial advisors in connection with the issuance\nof such bonds. No revenues or moneys of the authority, other than the\ntolls and other revenues from the Southern state parkway and the\nproceeds from the sale of the bonds, shall be pledged for or shall be\napplicable to the payment of such bonds. All the provisions of this\ntitle relating to bonds which are not inconsistent with the provisions\nof this section, shall apply to the bonds authorized by this section\nexcept section one hundred fifty-eight and subdivisions two and three of\nsection one hundred fifty-eight-a. The authority also shall have power\nfrom time to time in anticipation of the issuance of bonds pursuant to\nthis section to borrow money on bank loans and to evidence such loans by\nnotes or otherwise. Such loans and notes shall be subject to the same\nprovisions of this title as relates to bonds issued pursuant to this\nsection;\n 8. Bonds issued pursuant to this section shall be sold at public sale,\nupon sealed bids publicly opened and read, to the bidder who shall offer\nthe lowest interest cost to the authority, or if the authority shall so\ndetermine, at the highest price. The notice of sale shall be published\nat least once, not less than seven nor more than thirty days before the\ndate of sale, in a financial newspaper published and circulated in the\ncity of New York. Such notice shall contain a statement of the time and\nplace where all bids received in pursuance of such notice will be\npublicly opened and read. Such bonds shall be sold for a price not less\nthan ninety-eight per centum of the par value thereof, plus accrued\ninterest. The provisions of this subdivision shall not apply to notes of\nthe authority issued pursuant to subdivision seven of this section;\n 9. Notwithstanding and in addition to any provisions for the\nredemption of bonds issued pursuant to this section which may be\ncontained in any contract with the holders of such bonds, the state of\nNew York may, upon furnishing sufficient funds therefor, require the\nauthority to redeem, prior to maturity, as a whole, any issue of such\nbonds on any interest payment date not less than five years after the\ndate of the bonds of such issue at one hundred five per centum of their\nface value and accrued interest or at such lower redemption price as may\nbe provided in the bonds in case of the redemption thereof as a whole on\nthe redemption date. Notice of such redemption shall be published at\nleast twice in at least two newspapers published and circulated\nrespectively in the county of Nassau and city of New York, the first\npublication to be at least thirty days before the date of redemption;\n 10. The authority shall have the right to possess and use for its\ncorporate purposes the extension of Meadowbrook state parkway referred\nto in paragraph one of this section and the parts of the parkways\nreferred to in paragraph two of this section, together with necessary\nfacilities now existing or hereafter constructed on or along said\nparkways. Policing of the parkways and other facilities of the authority\nshall continue to be the responsibility of the force of park patrolmen\nunder the direction of the commission. Such possession and use by the\nauthority shall continue until its liabilities for such parkways and\nfacilities have been met and the bonds authorized by this section have\nbeen paid in full or such liabilities having otherwise been discharged.\nThereafter such parkways and facilities shall pass to the state and\nbecome subject to the jurisdiction of the commission;\n 11. All contracts involving payments of more than five thousand\ndollars, except for professional or financial advisory services or in\nconnection with the issuance of bonds or notes, shall be let to the\nlowest responsible bidder by sealed proposals publicly opened after\npublic notice published at least once in the official newspapers of\nNassau county, at least ten days prior to the day on which sealed\nproposals are to be opened; provided, however, the authority may reject\nany and all proposals and may advertise for new proposals as above\nprovided if in its opinion the best interests of the authority will\nthereby be promoted.\n * NB (Authority abolished June 30, 1978)\n