[Adopted 5-13-1971]
Pursuant to the provisions of § 1262(d) of the Tax Law, the Town of Schodack elects to receive a direct payment of the amounts of such taxes imposed in the area of the county outside the City of Troy as allocated to the Town of Schodack, in accordance with applicable provisions of the Tax Law, to be used by the Town of Schodack for any Town purpose.
A certified copy of this article shall be mailed by registered mail to the Chief Fiscal Officer of the County of Rensselaer before the first day of September 1971.