N.Y. PBG Law § 409

§ 409. Hempstead Housing Authority. A municipal housing authority, to\nbe known as the Hempstead Housing Authority, is hereby created and\nestablished for the village of Hempstead in the county of Nassau for the\naccomplishment of any or all of the purposes specified in article\neighteen of the constitution of the state of New York. It shall\nconstitute a body corporate and politic and consist of five members. It\nshall have the powers and duties now or hereafter conferred by this\nchapter upon municipal housing authorities. It shall be organized in the\nmanner prescribed by and subject to the provisions of this chapter, and\nthe authority, its members, officers and employees and its operations\nand activities shall in all respects be governed by the provisions of\nthis chapter. Such authority shall have perpetual duration; provided,\nhowever, that if on May first, nineteen hundred forty-seven, there shall\nbe 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