N.Y. Public Housing Law § 448: Cohoes Housing Authority

§ 448. Cohoes Housing Authority. A municipal housing authority, to be

known as the Cohoes Housing Authority, is hereby created and established

for the city of Cohoes in the county of Albany 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.