Section 1621-C. Middletown parking authority

A  board  to  be known as
  "Middletown 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  chairperson and four other
  members, all of whom shall be appointed by the mayor with  the  approval
  of  the  common  council of the city. The appointment of the chairperson
  shall be for a term of four years. Of the other members first appointed,
  one shall be appointed for a period of one year, one for a period of two
  years, one for a period of three years, one for a period of four  years.
  At the expiration of such terms, the terms of office of their successors
  shall  be  four  years.  Each  member  shall continue to serve until the
  appointment and qualification of his or her successor. Vacancies in such
  board occurring otherwise than by  the  expiration  of  term,  shall  be
  filled  for  the  unexpired  term  by the mayor with the approval of the
  common council. The members of the board shall choose from their  number
  a  vice-chairperson  and  such  other  officers  deemed desirable by the
  board. The common council  may  remove  any  member  of  the  board  for
  inefficiency, neglect of duty or misconduct in office, giving him or her
  a  copy  of  the  charges against him or her and an opportunity of being
  heard in person, or by counsel, in his or her 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, two thousand and ten,  and  thereafter
  until  all  its  liabilities  and duties have been met and its bonds and
  notes have been paid in full or such liabilities, bonds and  notes  have
  otherwise been discharged. Upon its ceasing to exist, all its rights and
  properties shall pass to the city.