Section 920. City of Hornell industrial development agency

For the benefit
  of the city of  Hornell  and  the  inhabitants  thereof,  an  industrial
  development  agency,  to  be  known  as  the  CITY OF HORNELL 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 organize 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 chief
  executive officer of the city of Hornell, subject to the approval of the
  governing body. 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.