N.Y. Public Housing Law § 417: North Hempstead Housing Authority

§ 417. North Hempstead Housing Authority. A municipal housing

authority, to be known as the North Hempstead Housing Authority, is

hereby created and established 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 who shall be qualified electors of the town of

North Hempstead. 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. The town board of the town of North

Hempstead may appropriate and pay over to the authority out of general

town funds and as a town charge a sum not to exceed ten thousand dollars

for purposes of organization, administration, investigation, planning

and report. Such authority shall have perpetual duration; provided,

however, that if on May first, nineteen hundred fifty-one, 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.