Section 2562. Creation of the corporation  


Latest version.
  • 1. To effectuate the purposes and
      provisions  of  this  title,  there  is  hereby  created  the  "New York
      convention  center  operating  corporation",  which  shall  be  a   body
      corporate  and  politic  constituting  a public benefit corporation. The
      corporation's board of directors shall consist of twenty-one persons  to
      be  appointed  with  the  advice  and  consent  of the senate, including
      fifteen persons appointed by the governor; two persons appointed by  the
      temporary  president of the senate; one person appointed by the minority
      leader of the senate; two  persons  appointed  by  the  speaker  of  the
      assembly;  and  one  person  appointed  by  the  minority  leader of the
      assembly. Four of  the  members  appointed  by  the  governor  shall  be
      appointed  on the written recommendation of the mayor of the city of New
      York. One of the directors shall be designated by the governor as  chair
      of  the  board  of  directors  to  serve  as such at the pleasure of the
      governor. Upon recommendation of the chair of the  board  of  directors,
      the  board  of  directors  shall  appoint  an  executive director of the
      corporation.  Notwithstanding  any  general,  special   or   local   law
      concerning  the  holding  of dual offices, an officer or employee of the
      state may be appointed as an officer or employee of the corporation, and
      officers and employees of the state may be appointed as members  of  the
      board  of directors of the corporation, provided however, that the chair
      of the board of directors shall not be an officer  or  employee  of  the
      corporation,  and the executive director of the corporation shall not be
      a member of the board of directors.
        2. Directors of the corporation shall be appointed for a term of three
      years from the effective date of their appointments, provided,  however,
      that  two  persons  first appointed by the governor other than the chair
      shall have a two  year  term;  three  persons  first  appointed  by  the
      governor  other  than  the  chair  shall  have a one year term; the four
      persons appointed on the recommendation of the mayor of the city of  New
      York  shall have a term coterminous with the term of office of the mayor
      of the city of New York appointing them, one person first  appointed  by
      the  temporary  president  of the senate shall have a two year term; the
      person first appointed by the minority leader of the senate shall have a
      one year term; one person first appointed by the speaker of the assembly
      shall have a two year term;  and  the  person  first  appointed  by  the
      minority  leader  of  the assembly shall have a one year term except for
      those appointed on the recommendation of the  mayor  whose  terms  shall
      expire  at  the expiration of the term of the mayor appointing them. The
      terms of office of their successors shall be three years. All  directors
      shall continue to hold office until their successors have been appointed
      and  qualified.  If  at any time there is a vacancy in the membership of
      the board of directors 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  the  members  of  the  board  of
      directors  shall constitute a quorum for the transaction of any business
      or the exercise of any power of  the  corporation.  The  powers  of  the
      corporation  shall  be  exercised,  or  may  be delegated to one or more
      directors, officers, agents or employees, by a  majority  of  the  whole
      number of the members of the board of directors. No vote at such meeting
      shall  be  cast  by proxy. For the purpose of this subdivision the words
      "whole number" shall be construed to mean the total  number  which  such
      board would have were there no vacancies and were none of the members of
      such board disqualified from acting.
        4.  The  directors, other than any officer of the corporation who also
      serves  as  a  director,  shall  serve  without  a   salary   or   other
    
      compensation,  but  each director shall be entitled to reimbursement for
      expenses incurred in the performance of official duties.
        5. The governor may remove any member of the board for cause, provided
      that  such  member be first furnished with a 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.  The  fiscal year of the corporation shall end on the date on which
      the fiscal year of the state ends.
        7. The existence of the corporation shall continue until terminated by
      law, provided, however, that no such law shall take effect  so  long  as
      the  corporation  shall  have  obligations  outstanding, unless adequate
      provision has been made for the payment thereof.