§ 12-1200 Contracts for lighting. The board of light commissioners may contract, for a period not to exceed ten years, in the name of the village, with an individual or corporation, for lighting the streets, public grounds and public buildings of the village by gas, electricity or other substance.

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Terms Used In N.Y. Village Law 12-1200

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.