1569-B - Definitions.
§ 1569-b. Definitions. As used or referred to in this title, unless a different meaning clearly appears from the context: 1. The term "authority" shall mean the corporation created by section fifteen hundred sixty-nine-c of this title; 2. The term "city" shall mean the city of Troy; 3. The term "bonds" shall mean the bonds, notes or other evidences of indebtedness issued by the authority pursuant to this title relating to bonds and bondholders and shall apply with equal force and effect to notes and noteholders, respectively, unless the context otherwise clearly requires; 4. The term "board" shall mean the members of the authority; 5. The term "real property" shall mean lands, structures, franchises and interest in lands, and any and all things usually included within such term, and includes not only fees simple absolute but also any and all lesser interests, such as easements, rights of way, uses, leases, licenses, and all other incorporeal hereditaments and every estate, interest or right, legal or equitable, including terms of years, and liens thereon by way of judgments, mortgages or otherwise, and also claims for damage to real estate, in the area of the city; 6. The term "project" shall mean any area or place operated or to be operated by the authority for the parking or storing of motor and other vehicles and shall, without limiting such definition, include all real and personal property, driveways, roads, approaches, structures, terminals of all kinds, garages, meters, mechanical equipment, and all appurtenances and facilities either on, above or under the ground which are used or usable in connection with such parking or storing of such vehicles in the area of the city; 7. The term "projects" shall mean more than one project.