N.Y. Public Authorities Law § 1622-c: Village of Nyack parking authority

§ 1622-c. Village of Nyack parking authority. A board to be known as

"Village of Nyack 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 and four

other members, all of whom shall be appointed by the mayor with the

approval of the board of trustees of the village. The appointment of the

chairman shall be 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, 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 and such other

officers deemed desirable by the board. The board of trustees 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, twenty hundred fifteen, and

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

bonds and notes have been paid in full or such liabilities, bonds and

notes have otherwise been discharged. Upon its ceasing to exist, all its

rights and properties shall pass to the village.