N.Y. Public Authorities Law § 1470-b: City of Rome parking authority

* § 1470-b. City of Rome parking authority. A board to be known as

"City of Rome parking authority" is hereby created. Such 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. It shall consist of five members appointed by the mayor

with the approval of the common council. The appointment of the chairman

shall be made by the mayor for a term of five years. Of the other

members first appointed, one shall be appointed for a period of one

year, one for a period of two years, one for a period of three years,

and one for a period of four years. At the expiration of such terms, the

terms of office of their successors shall be five years. Each member

shall continue to serve until the appointment and qualification of his

successor. Vacancies in such board occurring otherwise than by the

expiration of such term, shall be filled for the unexpired term. The

members of the board shall choose from their number a vice-chairman. The

mayor may remove any member of the board for inefficiency, neglect of

duty or misconduct in office, giving him a copy of the charges against

him and an opportunity of being heard in person, or by counsel, in his

defense upon not less than ten days' notice. The members of the board

shall be entitled to no compensation for their services but shall be

entitled to reimbursement for their actual and necessary expenses

incurred in the performance of their official duties. The powers of the

authority shall be vested in and exercised by a majority of the members

of the board then in office. Such board may delegate to one or more of

its members or to its officers, agents and employees such powers and

duties as it may deem proper. Such board and its corporate existence

shall continue only to the thirty-first day of December, two thousand,

and thereafter until all its liabilities have been met and its bonds

have been paid in full or such liabilities or bonds have otherwise been

discharged. Upon its ceasing to exist, all its rights and properties

shall pass to the city of Rome.

* NB City of Rome Parking Authority ceased to exist 12/31/2000 per §

1470-b, and thereafter until all liabilities have been met/discharged,

and all bonds paid/discharged