N.Y. Public Housing Law § 466: Town of Southampton housing authority

§ 466. Town of Southampton housing authority. A municipal housing

authority, to be known as the town of Southampton housing authority is

hereby created and established for the town of Southampton in the county

of Suffolk, 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 be 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.