Section 599. Village of Penn Yan urban renewal agency

An urban renewal
  agency, to be known as the Village of Penn Yan 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 all 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 this  chapter,  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.