Section 1569-C. Troy parking authority

1. A board to be known as "Troy
  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 provided  in  this
  section.  It  shall  consist  of  a chairman and four other members, who
  shall be appointed by the mayor  of  the  city.  Of  the  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, 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 mayor of the city may  remove  any  member  of  the
  board  for neglect of duty or misconduct in office, giving such member 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. 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.
    2. Notwithstanding any inconsistent provision of any general,  special
  or  local  law,  ordinance, resolution or charter, no officer, member or
  employee of the state or of any public authority shall  forfeit  his  or
  her  office  or  employment  by  reason  of  his  or  her  acceptance of
  appointment as a member, officer or employee of the authority, nor shall
  service as such member, officer or employee be deemed incompatible or in
  conflict with such office, membership or employment.
    3. The mayor shall file on or before December thirty-first of the year
  in which this title shall have become  a  law,  in  the  office  of  the
  secretary of state, a certificate signed by the mayor setting forth: (a)
  the name of the authority; (b) the names of the members appointed by the
  mayor  and  their  terms  of  office; and (c) the effective date of this
  title. If such certificate is not filed with the secretary of  state  on
  or before such date, then the corporate existence of the authority shall
  thereupon  terminate and it shall thereupon be deemed to be and shall be
  dissolved.