Section 927-C. Town of Altamont industrial development agency

For the
  benefit of the town of Altamont, Franklin county and the inhabitants  of
  such  town, an industrial development agency, to be known as the TOWN OF
  ALTAMONT 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 Altamont, 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 Altamont. 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.