N.Y. Public Authorities Law § 2503: New York city sports authority

* § 2503. New York city sports authority. 1. There is hereby created

the New York city sports authority which shall be a corporate

governmental agency, constituting a public benefit corporation. Upon

submission of a plan pursuant to section twenty-four hundred sixty-five

of the New York state sports authority act the authority shall qualify

as a "participating municipality" within the meaning of and for the

purposes of the New York state sports authority act. Its membership

shall consist of sixteen members, who shall constitute the board of

directors. Fifteen members shall be appointed by the governor, five of

whom shall be designated by the mayor and five of whom shall be

designated by the city council. The remaining member shall be chief

executive officer of the authority. Such chief executive officer shall

be chosen by the aforementioned fifteen members from persons other than

themselves and shall serve at the pleasure of the board of directors

with powers and duties as set forth in the by-laws of the authority.

The members shall designate from among themselves the person who shall

be chairman of the board of directors.

2. Members, except for the chief executive officers shall be appointed

for a term of six years from the effective dates of their appointments,

provided, however, that six members first appointed by the governor

shall each serve for a six year term, two of whom shall have been

designated by the mayor and two of whom shall have been designated by

the city council; six members first appointed by the governor shall each

serve for a five year term, two of whom shall have been designated by

the mayor and two of whom shall have been designated by the city

council; and three members first appointed by the governor shall each

serve for a four year term, one of whom shall have been designated by

the mayor and one of whom shall have been designated by the city

council. Each member shall continue to serve until the appointment and

qualification of his successor. If at any time there is a vacancy in the

membership of the authority by reason of death, resignation,

disqualification or otherwise, such vacancy shall be filled for the

unexpired term in the same manner as the original appointment.

3. A majority of the whole number of members then in office shall

constitute a quorum for the transaction of any business or the exercise

of any power of the authority. Except as otherwise specified in this

title, for the transaction of any business or the exercise of any power

of the authority, the authority shall have power to act by a majority of

the members present at any meeting at which a quorum is in attendance.

No vote at such meeting shall be cast by proxy. The authority may

delegate to one or more of its members, officers, agents and employees,

such powers as the members may deem proper.

4. The members of the authority except for the president, acting in

his capacity as chief executive officer of the authority, shall serve

without salary, but each member shall be reimbursed for his actual and

necessary expenses incurred in the performance of his official duties as

a member of the authority. The members of the authority may engage in

private employment or in a profession or business (if not otherwise

prohibited from so doing by virtue of any other public office), subject

to the limitations contained in sections seventy-three and seventy-four

of the public officers law. The authority shall, for the purposes of

such sections, be a "state agency" and the members thereof shall be

"officers" of the agency for the purpose of said sections.

5. The members of the authority by a majority vote of the whole number

of members then in office may remove any member for cause, provided that

such member be first furnished with a written list of charges against

him and given an opportunity to be heard, in person or by counsel, upon

not less than ten days' notice.

6. Notwithstanding any inconsistent provisions of law, general,

special or local, no officer or employee of the state, any city, county,

town or village, any other political or civil division of the state, any

municipality, any governmental entity operating any public school or

college, any school district or other public agency or instrumentality

or unit of government which exercise governmental powers under the laws

of the state, shall forfeit his office or employment by reason of his

acceptance of appointment or service as a member, officer or agent of

the authority; nor shall such service as such member, officer or agent

of the authority be deemed incompatible or in conflict with such office

or employment.

7. The authority shall continue until its liabilities have been met or

otherwise discharged or provided for and until its existence shall have

been terminated by law. Upon the termination of the existence of the

authority, all of its rights and property shall pass to and be vested in

the city.

8. On or before November fifteenth of each year, the authority shall

submit to each member of the board of estimate and to the chairman of

the finance committee of the city council, a financial statement for the

preceding city fiscal year, a report of its activities during that year,

and a report on its program for both the current and next succeeding

city fiscal years.

* NB (Discontinued-Board of Directors never appointed)