Section 608. Ithaca urban renewal agency

A municipal urban renewal agency,
  to be known as the Ithaca 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, shall be perpetual in duration,
  and shall consist of five  members  including  the  mayor.  Appointments
  shall be made by the mayor with the approval of a majority of members of
  the  common council and they shall serve at the pleasure of the mayor. A
  member shall continue to hold office until his  successor  is  appointed
  and  has qualified. It shall have the powers and duties now or hereafter
  conferred by article fifteen-A of this chapter  upon  municipal  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.