Section 642. Fallsburg urban renewal agency

An urban renewal agency, to be
  known  as  the Fallsburg 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 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.