N.Y. Public Authorities Law § 2304: Auburn industrial development authority

§ 2304. Auburn industrial development authority. A public benefit

corporation to be known as the "Auburn industrial development 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. Its

members shall consist of a chairman and eight other members all of whom

shall be appointed by the mayor of the city for a term of three years,

and shall include two members of the common council of the city, one

representative of the city school board and one representative from each

of the fields of business, industry and labor. Every appointment to the

board shall be subject to confirmation by the common council of the

city. The chairman and each member shall continue to serve until the

appointment and confirmation of his successor. Vacancies in such board

occurring otherwise than by expiration of term shall be filled by the

mayor by appointment for the unexpired term subject to confirmation of

the common council of the city. The mayor may remove the chairman or any

member of the board for inefficiency, neglect of duty or misconduct in

office, after 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. Such removal must be approved by the

common council of the city. 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. Notwithstanding any inconsistent

provisions of law, general, special or local, no officer or employee of

the city shall be deemed to have forfeited or shall forfeit his office

or employment by reason of his acceptance of membership of the authority

created by this article, provided, however, that a member who holds such

other public office or employment shall receive no additional

compensation or allowance for services rendered pursuant to this title,

but shall be entitled to reimbursement for his actual and necessary

expenses incurred in the performance of such services. The power of the

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

of the authority. The authority 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 for a period of ten years 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 rights and properties shall pass to and be vested

in the city.