Section 2503. New York city sports authority

1. There is hereby created
  the  New  York  city  sports  authority  which  shall  be  a   corporate
  governmental  agency,  constituting  a  public benefit corporation. Upon
  submission of a plan pursuant to section twenty-four hundred  sixty-five
  of  the  New York state sports authority act the authority shall qualify
  as a "participating municipality" within the  meaning  of  and  for  the
  purposes  of  the  New  York  state sports authority act. Its membership
  shall consist of sixteen members, who  shall  constitute  the  board  of
  directors.  Fifteen  members shall be appointed by the governor, five of
  whom shall be designated  by  the  mayor  and  five  of  whom  shall  be
  designated  by  the  city  council.  The remaining member shall be chief
  executive officer of the authority. Such chief executive  officer  shall
  be  chosen by the aforementioned fifteen members from persons other than
  themselves and shall serve at the pleasure of  the  board  of  directors
  with  powers  and  duties  as set forth in the by-laws of the authority.
  The members shall designate from among themselves the person  who  shall
  be chairman of the board of directors.
    2. Members, except for the chief executive officers shall be appointed
  for  a term of six years from the effective dates of their appointments,
  provided, however, that six members  first  appointed  by  the  governor
  shall  each  serve  for  a  six  year  term, two of whom shall have been
  designated by the mayor and two of whom shall have  been  designated  by
  the city council; six members first appointed by the governor shall each
  serve  for  a  five year term, two of whom shall have been designated by
  the mayor and two of  whom  shall  have  been  designated  by  the  city
  council;  and  three  members first appointed by the governor shall each
  serve for a four year term, one of whom shall have  been  designated  by
  the  mayor  and  one  of  whom  shall  have  been designated by the city
  council. Each member shall continue to serve until the  appointment  and
  qualification of his successor. If at any time there is a vacancy in the
  membership   of   the   authority   by  reason  of  death,  resignation,
  disqualification or otherwise, such vacancy  shall  be  filled  for  the
  unexpired term in the same manner as the original appointment.
    3.  A  majority  of  the  whole number of members then in office shall
  constitute a quorum for the transaction of any business or the  exercise
  of  any  power  of  the authority. Except as otherwise specified in this
  title, for the transaction of any business or the exercise of any  power
  of the authority, the authority shall have power to act by a majority of
  the  members  present at any meeting at which a quorum is in attendance.
  No vote at such meeting shall  be  cast  by  proxy.  The  authority  may
  delegate  to one or more of its members, officers, agents and employees,
  such powers as the members may deem proper.
    4. The members of the authority except for the  president,  acting  in
  his  capacity  as  chief executive officer of the authority, shall serve
  without salary, but each member shall be reimbursed for his  actual  and
  necessary expenses incurred in the performance of his official duties as
  a  member  of  the authority. The members of the authority may engage in
  private employment or in a profession  or  business  (if  not  otherwise
  prohibited  from so doing by virtue of any other public office), subject
  to the limitations contained in sections seventy-three and  seventy-four
  of  the  public  officers  law. The authority shall, for the purposes of
  such sections, be a "state agency" and  the  members  thereof  shall  be
  "officers" of the agency for the purpose of said sections.
    5. The members of the authority by a majority vote of the whole number
  of members then in office may remove any member for cause, provided that
  such  member  be  first furnished with a written list of charges against
  him and given an opportunity to be heard, in person or by counsel,  upon
  not less than ten days' notice.

    6.  Notwithstanding  any  inconsistent  provisions  of  law,  general,
  special or local, no officer or employee of the state, any city, county,
  town or village, any other political or civil division of the state, any
  municipality, any governmental entity operating  any  public  school  or
  college,  any  school district or other public agency or instrumentality
  or unit of government which exercise governmental powers under the  laws
  of  the  state,  shall forfeit his office or employment by reason of his
  acceptance of appointment or service as a member, officer  or  agent  of
  the  authority;  nor shall such service as such member, officer or agent
  of the authority be deemed incompatible or in conflict with such  office
  or employment.
    7. The authority shall continue until its liabilities have been met or
  otherwise  discharged or provided for and until its existence shall have
  been terminated by law. Upon the termination of  the  existence  of  the
  authority, all of its rights and property shall pass to and be vested in
  the city.
    8.  On  or before November fifteenth of each year, the authority shall
  submit to each member of the board of estimate and to  the  chairman  of
  the finance committee of the city council, a financial statement for the
  preceding city fiscal year, a report of its activities during that year,
  and  a  report  on  its program for both the current and next succeeding
  city fiscal years.
    * NB (Discontinued-Board of Directors never appointed)