N.Y. General Municipal Law 77-G – Sports field fence leases in the city of Rye, Westchester county
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§ 77-g. Sports field fence leases in the city of Rye, Westchester county. Notwithstanding any provision of any general, special or local law or of any charter to the contrary, the city of Rye, Westchester county, may lease any and all sports field fences at Disbrow Park, Gagliardo or Recreation Park 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 for the care of said parks in the city of Rye, Westchester county.
Terms Used In N.Y. General Municipal Law 77-G
- 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