N.Y. Public Housing Law § 439: Mechanicville Housing Authority

§ 439. Mechanicville Housing Authority. A municipal housing

authority, to be known as the Mechanicville Housing Authority, is hereby

created and established for the city of Mechanicville in the county of

Saratoga 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 at the expiration of five years

subsequent to the time this section as hereby added takes effect, 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.