Section 1599-C. Cohoes parking authority

A board to be known as "Cohoes
  Parking Authority" is  hereby  created.  Such  board  shall  be  a  body
  corporate,  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 and four other members, who shall be
  appointed by the mayor, with  the  advice  and  consent  of  the  common
  council.  The  members  shall serve at the pleasure of the mayor. Of the
  members first appointed, one shall be appointed  for  a  period  of  two
  years,  one for a period of three years, one for a period of four years,
  and one for a period of five years. At the expiration of such terms, the
  terms of office of their successors shall be  five  years.  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  term shall be filled for the unexpired term. The members
  of the board shall choose from their number a vice-chairman. 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. 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 for a period of five years, 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.
    * NB Authority terminated 07/01/1974
    * NB There are 4 § 1599-c's