§ 926 — City of Syracuse industrial development agency

* § 926. City of Syracuse industrial development agency. (a) For the\nbenefit of the city of Syracuse and the inhabitants thereof, an\nindustrial development agency, to be known as the CITY OF SYRACUSE\nINDUSTRIAL DEVELOPMENT AGENCY, is hereby established for the\naccomplishment of any or all of the purposes specified in title one of\narticle eighteen-A of this chapter. It shall constitute a body corporate\nand politic, and be perpetual in duration. It shall consist of five\nmembers who shall be appointed by the mayor of the city of Syracuse and\nits chairman shall be designated by such mayor. It shall have the powers\nand duties now or hereafter conferred by title one of article eighteen-A\nof this chapter upon industrial development agencies. It shall organize\nin a manner prescribed by and be subject to the provisions of title one\nof article eighteen-A of this chapter. The agency, its members, officers\nand employees, and its operations and activities shall in all respects\nbe governed by the provisions of title one of article eighteen-A of this\nchapter.\n (b) The city shall have the power to make, or contract to make grants\nor loans, including but not limited to grants or loans of money, to the\nagency in such amounts, upon such terms and conditions and for such\nperiod or periods of time as in the judgment of the city and the agency\nare necessary or appropriate for the accomplishment of any of the\npurposes of the agency.\n * NB Agency expires per §§ 856 and 882\n