Statute · New York Transportation Law
N.Y. Transp. Law § 59 — Suit on bonds
N.Y. Transp. Law § 59
- Type
- Statute
- Source
- New York Transportation Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 59. Suit on bonds. In any suit, action or proceeding upon any bond of the Utica transit authority or the security therefor, any such bond reciting in substance that it has been issued by such an authority to aid in financing a municipal project to provide omnibus transportation facilities…
Citator
N.Y. Transp. Law § 59 — Suit on bonds is in force in the current edition of the Code, and nothing recorded condemns it.
§ 59. Suit on bonds. In any suit, action or proceeding upon any bond of the Utica transit authority or the security therefor, any such bond reciting in substance that it has been issued by such an authority to aid in financing a municipal project to provide omnibus transportation facilities pursuant to the procedure required in this article shall be conclusively deemed to have been issued for a municipal project of such character and pursuant to such procedure.