N.Y. Village Law § 1-102 Powers of Incorporated Village

• Library: New York Statutes
• Edition: 2023
• Currency: Current through 2023 NY Law Chapter 777
• Year: 2023
• Citation: N.Y. Village Law § 1-102

The citizens of the state of New York, from time to time inhabitants of the territory comprised within the boundaries of any village heretofore or hereafter incorporated shall continue to be a municipal corporation in perpetuity under its corporate name and the same shall in that name be a body politic and corporate in fact and in law, with power of perpetual succession. The village shall have power:

1. To take, purchase, hold, lease, sell and convey such real and personal property as the purposes of the corporation may require.

2. To take by gift, grant, bequest or devise and hold real and personal estate absolutely or in trust for any purpose of the corporation or for any public use upon such terms or conditions as may be prescribed by the grantor or donor and accepted by said corporation and to provide for the proper administration of the same.

3. To take unconditionally by gift, grant, bequest or devise for any other purpose any real or personal property or estate or interest therein, to hold same for only such time as is reasonably necessary to sell, convey or to dispose thereof, and to so sell, convey or dispose thereof; notwithstanding that the holding of such property would not be for a purpose of the corporation or for a public use.