Section 927. Town of Philipstown industrial development agency

For the
  benefit of the town of Philipstown, Putnam county and the inhabitants of
  such town, an industrial development agency, to be known as the TOWN  OF
  PHILIPSTOWN 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 and provided that  the
  exercise of the powers by such agency with respect to the acquisition of
  real  property  by purchase, shall be limited to the corporate limits of
  the town of Philipstown, and such agency shall take  into  consideration
  the  local  zoning  and planning regulations as well as 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.   Notwithstanding   the   provisions   of
  subdivision  four  of  section  eight  hundred  fifty-eight  of  article
  eighteen-A of this chapter, such agency shall  not  have  the  power  to
  acquire real property by condemnation. Its members shall be appointed by
  the  governing body of the town of Philipstown. 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.
    * NB There are 2 § 927's