Section 925-K. City of Mechanicville and town of Stillwater industrial development agency

For the benefit of the city of Mechanicville and the  town  of  Stillwater,  and  the  inhabitants  thereof,   an   industrial
  development  agency to be known as the CITY OF MECHANICVILLE AND TOWN OF
  STILLWATER INDUSTRIAL DEVELOPMENT AGENCY, is hereby established for  the
  accomplishment  of any or all 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 provided, that the exercise of the
  powers of such agency with respect to the acquisition of  real  property
  whether  by  purchase, condemnation or otherwise shall be limited to the
  corporate limits of the city of Mechanicville and the town of Stillwater
  and, shall be subject to 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 bodies of the city of
  Mechanicville and the town of Stillwater  respectively,  each  of  which
  shall appoint four members constituting a total membership of eight. The
  agency,  its members, officers and employees and its operations shall in
  all respects be governed by the  provisions  of  title  one  of  article
  eighteen-A of this chapter.