§ 478. General powers and duties of fund. The fund shall have the\nfollowing powers in addition to those specifically conferred elsewhere\nin this article:\n 1. To sue and be sued;\n 2. To have a seal and alter the same at pleasure;\n 3. To make and alter by-laws for its organization and internal\nmanagement;\n 4. With the approval of the commissioner of finance of the city of\nYonkers to prescribe a system of accounts;\n 5. To make rules and regulations governing the exercise of its\ncorporate powers and the fulfillment of its corporate purposes under\nthis article, which rules and regulations shall be filed with the\nsecretary of state in the manner provided by section one hundred two of\nthe executive law;\n 6. With the approval of the board of education, to purchase, receive,\nlease or otherwise acquire real and personal property necessary or\nconvenient for its corporate purposes;\n 7. Subject to the terms and conditions of any lease, sublease or other\nagreement with the board of education, to possess, hold, use and improve\nreal and personal property acquired by or on behalf of the fund so long\nas its corporate existence shall continue;\n 8. Upon a two-thirds vote of the trustees of the fund, and subject to\nthe approval of the board of education, to design, construct, acquire,\nreconstruct, rehabilitate and improve combined occupancy structures and\nincidental or appurtenant facilities thereto, or cause such structures\nand facilities to be designed, constructed, acquired, reconstructed,\nrehabilitated and improved in accordance with the provisions of this\narticle;\n 9. In connection with such design, construction, acquisition,\nreconstruction, rehabilitation and improvement, to install or cause to\nbe installed water, sewer, gas, electrical, telephone, heating, air\nconditioning and other utility services, including appropriate\nconnections;\n 10. Subject to the terms and conditions of any lease, sublease or\nother agreement with the board of education, to maintain, repair and\nkeep up the real property held by it and all combined occupancy\nstructures and facilities constructed, acquired, reconstructed,\nrehabilitated or improved pursuant to this article;\n 11. Subject to the terms and conditions of any lease, sublease or\nother agreement with third parties and to the determination of the board\nof education that such real property is unnecessary for the present or\nforeseeable future school building needs of the city of Yonkers, to\nsurrender to the appropriate city official, for other public use or for\nsale, lease or other disposition in accordance with law, real property\nheld by the fund for its corporate purposes;\n 12. Subject to the approval of the corporation counsel as to form, to\nmake and execute contracts, leases, subleases, and all other instruments\nor agreements necessary or convenient for the exercise of its corporate\npowers and the fulfillment of its corporate purposes under this article;\nthe term of any such lease or sublease or renewal thereof shall not be\nlimited by any provision of any general, special or local law or charter\napplicable to the city of Yonkers or to the board of education of the\ncity of Yonkers;\n 13. To procure insurance against any loss in connection with its\nproperty and other assets in such amounts and from such insurers as it\ndeems desirable;\n 14. With the consent of the board of education to use the agents,\nemployees and facilities of the board;\n 15. To engage the services of construction, engineering,\narchitectural, legal and financial consultants, surveyors and\nappraisers, on a contract basis or as employees, for professional\nservice and technical assistance and advice;\n 16. To assist generally, the public works department of the city of\nYonkers in making land surveys, topographical surveys and valuation\nappraisals of real property sought to be acquired by the board of\neducation of the city of Yonkers;\n 17. To borrow money and issue ne
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.