* § 1599-c. Cohoes parking authority. A board to be known as "Cohoes
Parking Authority" is hereby created. Such board shall be a body
corporate, constituting a public benefit corporation, and its existence
shall commence upon the appointment of the members as herein provided.
It shall consist of a chairman and four other members, who shall be
appointed by the mayor, with the advice and consent of the common
council. The members shall serve at the pleasure of the mayor. Of the
members first appointed, one shall be appointed for a period of two
years, one for a period of three years, one for a period of four years,
and one for a period of five years. At the expiration of such terms, the
terms of office of their successors shall be five years. Each member
shall continue to serve until the appointment and qualification of his
successor. Vacancies in such board occurring otherwise than by the
expiration of term shall be filled for the unexpired term. The members
of the board shall choose from their number a vice-chairman. The members
of the board shall be entitled to no compensation for their services but
shall be entitled to reimbursement for their actual and necessary
expenses incurred in the performance of their official duties. The
powers of the authority shall be vested in and exercised by a majority
of the members of the board. Such board may delegate to one or more of
its members or to its officers, agents and employees such powers and
duties as it may deem proper. Such board and its corporate existence
shall continue only for a period of five years, and thereafter until all
its liabilities have been met, and its bonds have been paid in full or
such liabilities or bonds have otherwise been discharged. Upon its
ceasing to exist, all its rights and properties shall pass to the city.

* NB Authority terminated 07/01/1974

* NB There are 4 § 1599-c's