N.Y. Public Housing Law § 409: Hempstead Housing Authority

§ 409. Hempstead Housing Authority. A municipal housing authority, to

be known as the Hempstead Housing Authority, is hereby created and

established for the village of Hempstead in the county of Nassau for the

accomplishment of any or all of the purposes specified in article

eighteen of the constitution of the state of New York. It shall

constitute a body corporate and politic and consist of five members. It

shall have the powers and duties now or hereafter conferred by this

chapter upon municipal housing authorities. It shall be organized in the

manner prescribed by and subject to the provisions of this chapter, and

the authority, its members, officers and employees and its operations

and activities shall in all respects be governed by the provisions of

this chapter. Such authority shall have perpetual duration; provided,

however, that if on May first, nineteen hundred forty-seven, there shall

be outstanding no bonds or other obligations of such authority

theretofore issued for any of the purposes authorized in this chapter,

then its corporate existence shall thereupon terminate and such

authority shall thereupon be deemed to be and shall be dissolved.