N.Y. Public Housing Law § 450: Saratoga Springs Housing Authority

§ 450. Saratoga Springs Housing Authority. A municipal housing

authority, to be known as the Saratoga Springs Housing Authority, is

hereby created and established for the city of Saratoga Springs 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.