§ 6. Liability of state for payment of bonds of public corporation to construct state thruways; use of state canal lands and properties.
194 words·~1 min read·
/ny/constitution/corporations/6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 6. Notwithstanding any provision of this or any other article of
this constitution, the legislature may by law, which shall take effect
without submission to the people:
(a)make or authorize making the state liable for the payment of the
principal of and interest on bonds of a public corporation created to
construct state thruways, in a principal amount not to exceed five
hundred million dollars, maturing in not to exceed forty years after
their respective dates, and for the payment of the principal of and
interest on notes of such corporation issued in anticipation of such
bonds, which notes and any renewals thereof shall mature within five
years after the respective dates of such notes; and
(b)authorize the use of any state canal lands and properties by such
a public corporation for so long as the law may provide. To the extent
payment is not otherwise made or provided for, the provisions of section
sixteen of article seven shall apply to the liability of the state
incurred pursuant to this section, but the powers conferred by this
section shall not be subject to the limitations of this or any other
article.