Section 677. Village of Waverly urban renewal agency

An urban renewal
  agency, to be known as the village of Waverly urban renewal  agency,  is
  hereby  established for the accomplishment of any or all of the purposes
  specified in articles fifteen and  fifteen-A  of  this  chapter  and  in
  accordance with article eighteen of the constitution of the state of New
  York.  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  article  fifteen-A  of  this chapter upon municipal urban
  renewal agencies. It shall be organized in the manner prescribed by  and
  be  subject  to  the  provisions  of  article  fifteen-A  of the general
  municipal law and the agency, its members, officers  and  employees  and
  its  operations  and activities shall in all respects be governed by the
  provisions of such article.