Section 407. New Rochelle Municipal Housing Authority

A municipal housing
  authority, to be known as the New Rochelle Municipal Housing  Authority,
  is  hereby  established  for  the  accomplishment  of  any or all of the
  purposes specified in article eighteen of the constitution of the  state
  of  New  York.  It  shall  constitute  a  body corporate and politic, be
  perpetual in duration and consist of five members.  It  shall  have  the
  powers  and  duties  now  or  hereafter  conferred  by this chapter upon
  municipal housing authorities. It  shall  be  organized  in  the  manner
  prescribed  by  and  subject  to the provisions of this chapter, and the
  authority, its members, officers and employees and  its  operations  and
  activities  shall  in all respects be governed by the provisions of this
  chapter.