2019 New York Laws
GMU - General Municipal
Article 15-A - Municipal Urban Renewal Agencies, Organization and Powers
553 - Organization of Urban Renewal Agencies.

§  553.  Organization  of  urban  renewal  agencies.  1.  (a) Upon the
establishment of a municipal urban renewal agency by special act of  the
legislature,  the  mayor  of  the city or village wherein such agency is
established, or the town board of the town, shall file within six months
after  the  effective  date  of  the  special  act  of  the  legislature
establishing  such  agency  or  before  the  first day of July, nineteen
hundred sixty-four, whichever date shall be later, in the office of  the
secretary  of  state, a certificate signed by him setting forth: (1) the
effective date of the special act establishing the agency; (2) the  name
of  the  agency; (3) the names of the members and their terms of office,
specifying which member is the chairman; and (4) facts establishing  the
need for the establishment of an agency in such city, town or village.
  (b)  Every such agency shall be perpetual in duration, except that if,
at the expiration of ten years subsequent to the effective date  of  the
special  act,  there  shall be outstanding no bonds or other obligations
theretofore issued by such agency or  by  the  municipality  for  or  on
behalf  of the agency, then the corporate existence of such agency shall
thereupon terminate and it shall thereupon be deemed to be and shall  be
dissolved.
  2.  An agency shall be a corporate governmental agency, constituting a
public benefit corporation. Except as otherwise provided by special  act
of  the  Legislature, an agency shall consist of not less than three nor
more than five members who shall be appointed by the mayor of a city  or
village  or the town board of a town and who shall serve at the pleasure
of the appointing authority. A member  shall  continue  to  hold  office
until  his successor is appointed and has qualified. The mayor of a city
or village, or the town board of  a  town,  shall  designate  the  first
chairman.  Such members shall receive no compensation for their services
but shall be entitled to the  necessary  expenses,  including  traveling
expenses, incurred in the discharge of their duties.
  3. A majority of the members of an agency shall constitute a quorum.
  4.  Any  one or more of the members of an agency may be an official or
an employee of the municipality. In the event that  an  official  or  an
employee  of  the  municipality  shall  be  appointed as a member of the
agency, acceptance or retention of such appointment shall not be  deemed
a  forfeiture  of  his  municipal  office or employment, or incompatible
therewith or affect his tenure or compensation in any way. The  term  of
office of a member of an agency who is an official or an employee of the
municipality  when  appointed  as a member thereof by special act of the
legislature creating the municipal urban renewal agency shall  terminate
at the expiration of the term of his municipal office.