Section 923-F. Village of New Square industrial development agency

For the
  benefit  of  the  Village  of New Square and the inhabitants thereof, an
  industrial development agency, to be known as the VILLAGE OF NEW  SQUARE
  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 conferred by title one of article eighteen-A of this  chapter
  upon  industrial  development agencies except that it shall not have the
  power of condemnation and, provided however, that the  exercise  of  the
  powers  by  such agency with respect to the acquisition of real property
  whether by purchase or otherwise, shall be limited to lands  within  the
  confines of the incorporated area of the village of New Square and shall
  be  subject  to the local zoning and planning regulations and shall take
  into consideration the regional and local comprehensive land use  plans.
  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 Village of New
  Square.   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.