§ 1952. Troy industrial development authority. A board to be known as
the "Troy industrial development 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. Its members shall consist
of a chair and eight other members, all of whom shall be appointed by
the mayor of the city for a term of three years, and shall include two
members of the common council of the city, one representative of the
city school board, and one representative from each of the fields of
business, industry and labor. Every appointment to the board shall be
subject to confirmation by the common council of the city. The chair and
each member shall continue to serve until the appointment and
confirmation of his or her successor. Vacancies in such board occurring
otherwise than by expiration of term shall be filled by the mayor by
appointment for the unexpired term subject to confirmation by the common
council of the city. The mayor may remove the chair or any member of the
board for inefficiency, neglect of duty or misconduct in office, after
giving him or her a copy of the charges against him or her and an
opportunity of being heard in person, or by counsel, in his or her
defense upon not less than ten days' notice. Such removal must be
approved by the city council of the city. 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. Notwithstanding any inconsistent
provisions of law, general, special or local, no officer or employee of
the city shall be deemed to have forfeited or shall forfeit his or her
office or employment by reason of his or her acceptance of membership on
the board created by this section, provided, however, that a member who
holds such other public office or employment shall receive no additional
compensation or allowance for services rendered pursuant to this title,
but shall be entitled to reimbursement for his or her actual and
necessary expenses incurred in the performance of such services. The
power of the authority shall be vested in and exercised by a majority of
the members of the board. Such a 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 in accordance with section nineteen hundred sixty-seven
of this title. Upon its ceasing to exist, all rights and properties
shall pass to and be vested in the city.