[Adopted 7-18-1983 by L.L. No. 2-1983 as Ch. X, Art. IV, Div. 2, of the 1983 Code]
Pursuant to the authority granted by Chapter 414 of the Laws of 1971 of the State of New York, this Common Council does hereby determine that it is in the interest of the City to remove exemption status of the following real property:
Real property owned by a corporation or association which is not organized or conducted exclusively for religious, charitable, hospital, educational or cemetery purposes, or for two or more such purposes, but which is organized or conducted exclusively for a bar association or medical society, or for two such purposes, and used exclusively for carrying out thereupon one or more of such purposes shall be taxable.
Editor's Note: See § 421-a of the Real Property Tax Law.
In accordance with existing procedures for taxable properties in the City, the tax on properties herewith authorized shall be payable commencing with the next ensuing fiscal year of the City.