§ 450 — Saratoga Springs Housing Authority

§ 450. Saratoga Springs Housing Authority. A municipal housing\nauthority, to be known as the Saratoga Springs Housing Authority, is\nhereby created and established for the city of Saratoga Springs in the\ncounty of Saratoga for the accomplishment of any or all of the purposes\nspecified in article eighteen of the constitution of the state of New\nYork. It shall constitute a body corporate and politic and consist of\nfive members. It shall have the powers and duties now or hereafter\nconferred by this chapter upon municipal housing authorities. It shall\nbe organized in the manner prescribed by and subject to the provisions\nof this chapter, and the authority, its members, officers and employees\nand its operations and activities shall in all respects be governed by\nthe provisions of this chapter. Such authority shall have perpetual\nduration; provided, however, that if at the expiration of five years\nsubsequent to the time this section as hereby added takes effect, there\nshall be outstanding no bonds or other obligations of such authority\ntheretofore issued for any of the purposes authorized in this chapter,\nthen its corporate existence shall thereupon terminate and such\nauthority shall thereupon be deemed to be and shall be dissolved.\n