* § 211. Exemption from taxation. The construction, maintenance and operation of Bethpage park is in all respects for the benefit of the people of the state of New York for the increase of their pleasure, convenience and welfare and for the improvement of their health, and the authority shall be regarded as performing a governmental function in carrying out its corporate purpose and shall be required to pay no taxes or assessments of any kind whatsoever upon any of the property acquired by it, which said property shall be exempt from taxation so long as the same is owned or possessed by the authority, or upon its activities in the operation and maintenance of Bethpage park or upon any revenues or other income received by it, and any mortgage of real property executed, given or made by the authority shall be exempt from any tax imposed on the recording thereof and any person or corporation owning any debt or obligation of the authority secured by any mortgage of its real property shall be exempt from any tax on the recording of such mortgage. Nothing in this section shall be construed, however, to impress any trust upon such property as such or to limit the absolute character of any title which may be derived through the authority by sale or the foreclosure of any lien or mortgage thereon.
* NB (Abolished in 1975)
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
