N.Y. Public Housing Law § 524: Town of Islip housing authority

§ 524. Town of Islip housing authority. A municipal housing

authority, to be known as the town of Islip housing authority is hereby

created and established for the town of Islip 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 ten 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.