Section 652. Village of Monticello urban renewal agency

An urban renewal
  agency, to be known as the Village of Monticello 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, be perpetual
  in  duration and consist of five members who shall be the village mayor,
  its chairman, and the four village trustees. 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.