N.Y. PBG Law § 417

§ 417. North Hempstead Housing Authority. A municipal housing\nauthority, to be known as the North Hempstead Housing Authority, is\nhereby created and established for the accomplishment of any or all of\nthe purposes specified in article eighteen of the constitution of the\nstate of New York. It shall constitute a body corporate and politic and\nconsist of five members who shall be qualified electors of the town of\nNorth Hempstead. 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. The town board of the town of North\nHempstead may appropriate and pay over to the authority out of general\ntown funds and as a town charge a sum not to exceed ten thousand dollars\nfor purposes of organization, administration, investigation, planning\nand report. Such authority shall have perpetual duration; provided,\nhowever, that if on May first, nineteen hundred fifty-one, 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