Section 1596-C. City of Yonkers parking authority

A board to be known as
  "City of Yonkers parking authority" is hereby created. Such board  shall
  be   a  body  corporate  and  politic,  constituting  a  public  benefit
  corporation, and its existence shall commence upon  the  appointment  of
  the  members  as  herein  provided.  It  shall  consist  of  a chairman,
  appointed by the mayor of the city of Yonkers, and four  other  members,
  who  shall  also  be  appointed  by  the  mayor.  The appointment of the
  chairman shall be for a term of five years and  of  each  of  the  other
  members  for  terms of one, two, three and four years from the first day
  of April, nineteen hundred sixty-four. At the expiration of such  terms,
  the  terms of office of their successors shall be five years so that the
  term of office  of  one-fifth  of  such  members  shall  expire  on  the
  thirty-first  day  of  March in each year. Each member shall continue to
  serve  until  the  appointment  and  qualification  of  his   successor.
  Vacancies  in  such  board occurring otherwise than by the expiration of
  such term, shall be filled for the unexpired term. The  members  of  the
  board  shall  choose  from  their  number a vice-chairman. The mayor may
  remove any member of the board for  inefficiency,  neglect  of  duty  or
  misconduct  in  office, giving him a copy of the charges against him and
  an opportunity of being heard in person, or by counsel, in  his  defense
  upon  not  less than ten days' notice. The members of the board shall be
  entitled to no compensation for their services but shall be entitled  to
  reimbursement  for  their  actual and necessary expenses incurred in the
  performance of their official duties. The powers of the authority  shall
  be  vested  in  and  exercised by a majority of the members of the board
  then in office. Such board may delegate to one or more of its members or
  to its officers, agents and employees such powers and duties as  it  may
  deem  proper. Such board and its corporate existence shall continue only
  to the thirty-first day of December, nineteen hundred  ninety-nine,  and
  thereafter  until  all  its liabilities have been met and its bonds have
  been paid in full or such  liabilities  or  bonds  have  otherwise  been
  discharged.  Upon  its  ceasing  to exist, all its rights and properties
  shall pass to the city.