State Codes and Statutes

Statutes > New-york > Aca > Title-t > Article-55 > 55-05

§ 55.05. Natural  Heritage  Trust.  The  board  known  as the "Natural  Heritage Trust" is hereby continued.  Such  a  board  shall  be  a  body  corporate  and politic constituting a public benefit corporation and its  existence shall commence upon the appointment of the members  as  herein  provided.  Such  board  shall  consist  of  the chairperson of the state  council  of  parks  and  outdoor   recreation,   the   commissioner   of  environmental  conservation, the secretary of state and the commissioner  of parks, recreation and historic preservation. The powers of the  board  shall be vested in and exercised by the majority of the members thereof.  The  members of the board shall serve without compensation, but shall be  entitled  to  reimbursement  of  their  actual  and  necessary  expenses  incurred  in  the  performance  of  their  official duties. At the first  meeting of the board and the first meeting thereof in each  fiscal  year  thereafter,  the  members of the board shall choose from their number, a  chairperson and vice-chairperson.    The trust and its corporate existence shall continue until  terminated  by law, provided, however, that no such law shall take effect so long as  the  trust  shall  have  bonds, notes and other obligations outstanding,  unless adequate provision has been made for the payment thereof  in  the  documents  securing  the  same. Upon termination of the existence of the  trust, all its rights and properties shall vest in the state.

State Codes and Statutes

Statutes > New-york > Aca > Title-t > Article-55 > 55-05

§ 55.05. Natural  Heritage  Trust.  The  board  known  as the "Natural  Heritage Trust" is hereby continued.  Such  a  board  shall  be  a  body  corporate  and politic constituting a public benefit corporation and its  existence shall commence upon the appointment of the members  as  herein  provided.  Such  board  shall  consist  of  the chairperson of the state  council  of  parks  and  outdoor   recreation,   the   commissioner   of  environmental  conservation, the secretary of state and the commissioner  of parks, recreation and historic preservation. The powers of the  board  shall be vested in and exercised by the majority of the members thereof.  The  members of the board shall serve without compensation, but shall be  entitled  to  reimbursement  of  their  actual  and  necessary  expenses  incurred  in  the  performance  of  their  official duties. At the first  meeting of the board and the first meeting thereof in each  fiscal  year  thereafter,  the  members of the board shall choose from their number, a  chairperson and vice-chairperson.    The trust and its corporate existence shall continue until  terminated  by law, provided, however, that no such law shall take effect so long as  the  trust  shall  have  bonds, notes and other obligations outstanding,  unless adequate provision has been made for the payment thereof  in  the  documents  securing  the  same. Upon termination of the existence of the  trust, all its rights and properties shall vest in the state.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Aca > Title-t > Article-55 > 55-05

§ 55.05. Natural  Heritage  Trust.  The  board  known  as the "Natural  Heritage Trust" is hereby continued.  Such  a  board  shall  be  a  body  corporate  and politic constituting a public benefit corporation and its  existence shall commence upon the appointment of the members  as  herein  provided.  Such  board  shall  consist  of  the chairperson of the state  council  of  parks  and  outdoor   recreation,   the   commissioner   of  environmental  conservation, the secretary of state and the commissioner  of parks, recreation and historic preservation. The powers of the  board  shall be vested in and exercised by the majority of the members thereof.  The  members of the board shall serve without compensation, but shall be  entitled  to  reimbursement  of  their  actual  and  necessary  expenses  incurred  in  the  performance  of  their  official duties. At the first  meeting of the board and the first meeting thereof in each  fiscal  year  thereafter,  the  members of the board shall choose from their number, a  chairperson and vice-chairperson.    The trust and its corporate existence shall continue until  terminated  by law, provided, however, that no such law shall take effect so long as  the  trust  shall  have  bonds, notes and other obligations outstanding,  unless adequate provision has been made for the payment thereof  in  the  documents  securing  the  same. Upon termination of the existence of the  trust, all its rights and properties shall vest in the state.