Section 898. Herkimer county industrial development agency

1. For the
  benefit of the county  of  Herkimer  and  the  inhabitants  thereof,  an
  industrial  development  agency,  to  be  known  as  the HERKIMER COUNTY
  INDUSTRIAL  DEVELOPMENT  AGENCY,   is   hereby   established   for   the
  accomplishment  of  any or all of the purposes specified in title one of
  article eighteen-A of this chapter. It shall constitute a body corporate
  and politic, and be perpetual in duration. It shall have the powers  and
  duties  now or hereafter conferred by title one of article eighteen-A of
  this chapter upon industrial development agencies. It shall be organized
  in a manner prescribed by and be subject to the provisions of title  one
  of article eighteen-A of this chapter. Its members shall be appointed by
  the  governing  body of the county of Herkimer. The agency, its members,
  officers and employees, and its operations and activities shall  in  all
  respects  be  governed  by  the  provisions  of  title  one  of  article
  eighteen-A of this chapter.  To the extent that the foregoing provisions
  of this subdivision or of title one of  this  article  are  inconsistent
  with  the  provisions of subdivision two of this section, the provisions
  of such subdivision two shall be controlling.
    2. Neither the provisions of subparagraph  two  of  paragraph  (b)  of
  subdivision  one of section eight hundred fifty-six nor of section eight
  hundred eighty-two of this article shall apply to  the  Herkimer  county
  industrial  development  agency  until  after  the expiration of fifteen
  years subsequent to the effective date of the special act  creating  the
  agency  and such agency as created and constituted pursuant to the other
  provisions of this article shall be continued until otherwise altered or
  terminated pursuant to provisions of law applicable to such agency.