N.Y. Public Authorities Law § 1596-c: City of Yonkers parking authority

§ 1596-c. City of Yonkers parking authority. A board to be known as

"City of Yonkers 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 a chairman,

appointed by the mayor of the city of Yonkers, and four other members,

who shall also be appointed by the mayor. The appointment of the

chairman shall be for a term of five years and of each of the other

members for terms of one, two, three and four years from the first day

of April, nineteen hundred sixty-four. At the expiration of such terms,

the terms of office of their successors shall be five years so that the

term of office of one-fifth of such members shall expire on the

thirty-first day of March in each year. 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, nineteen hundred ninety-nine, 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.