N.Y. General Municipal Law 77-E – Baseball field fence leases in Yates county
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§ 77-e. Baseball field fence leases in Yates county. Notwithstanding any provision of any general, special or local law or of any charter to the contrary, the village of Penn Yan, Yates county, may lease municipal baseball field fences, annually, at a nominal rent, to a not-for-profit corporation or organization, organized under the laws of the state of New York for the purpose of permitting the sale of advertising, with the revenues to be used solely to purchase or repair baseball equipment for said organization.
Terms Used In N.Y. General Municipal Law 77-E
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC