2006 New York Code - 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.