§ 1622-c. Village of Nyack parking authority. A board to be known as
"Village of Nyack parking authority" is hereby created. Such board shall
be a body corporate and politic, 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, all of whom shall be appointed by the mayor with the
approval of the board of trustees of the village. The appointment of the
chairman shall be for a term of five years. Of the other members first
appointed, one shall be appointed for a period of one year, one for a
period of two years, one for a period of three years, one for a period
of four 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
such term, shall be filled for the unexpired term. The members of the
board shall choose from their number a vice-chairman and such other
officers deemed desirable by the board. The board of trustees may remove
any member of the board for inefficiency, neglect of duty or misconduct
in office, giving him a copy of the charges against him and an
opportunity of being heard in person, or by counsel, in his defense upon
not less than ten days' notice. 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
then in office. 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
to the thirty-first day of December, twenty hundred fifteen, and
thereafter until all its liabilities and duties have been met and its
bonds and notes have been paid in full or such liabilities, bonds and
notes have otherwise been discharged. Upon its ceasing to exist, all its
rights and properties shall pass to the village.