2006 New York Code - Albany Housing Authority

 
    § 426. Albany Housing Authority.  A municipal housing authority, to be
  known as the Albany Housing Authority, is hereby created and established
  in  the city of Albany 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 three years subsequent to the
  time this section  as  hereby  amended  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.