Section 458-A. Mount Kisco housing authority

1. A municipal housing
  authority, to be known as the Mount Kisco housing  authority  is  hereby
  recreated,  re-established  and  continued  from February twenty-second,
  nineteen hundred fifty-nine for the village of Mount Kisco in the county
  of Westchester for the accomplishment of any  or  all  of  the  purposes
  specified  in  article  eighteen of the constitution of the state of New
  York and is hereby constituted and declared to be a body  corporate  and
  politic,  consisting  of  five  members, with all the powers, rights and
  duties now or  hereafter  conferred  by  the  public  housing  law  upon
  municipal  housing authorities. It shall be subject to the provisions of
  the public housing law, and the authority,  its  members,  officers  and
  employees  and  its  operations  and activities shall in all respects be
  governed by the provisions of the public  housing  law.  Such  authority
  shall  have  perpetual  duration;  provided,  however,  that  if  at the
  expiration of five years subsequent to April thirtieth, nineteen hundred
  sixty-three, there  shall  be  outstanding  no  bonds,  notes  or  other
  obligations of such authority theretofore issued for any of the purposes
  authorized in the public housing law, then its corporate existence shall
  thereupon  terminate  and such authority shall thereupon be deemed to be
  and shall be dissolved.
    2. Notwithstanding any general, special or local law, the  village  of
  Mount  Kisco,  Westchester county, is hereby authorized and empowered to
  transfer and convey to the  Mount  Kisco  housing  authority,  and  such
  authority  is  hereby authorized and empowered to acquire all the right,
  title,  interest  and   assets,   including   contractual   rights   and
  obligations,  held  by  the  village  with  respect  to a public housing
  project in said village, identified and numbered  as  NY-38-1,  and  for
  that  purpose  such  village  and  authority  are  hereby authorized and
  empowered to make, execute and deliver any instrument  and  perform  any
  act  necessary  or  convenient,  and  upon such transfer, conveyance and
  delivery all the rights, duties, liabilities and responsibilities of the
  village relative to such housing project, including  any  contract  with
  the  federal  public  housing  administration,  shall  be assumed by and
  devolve upon the Mount Kisco housing authority.
    3. All proceedings and acts of the Mount Kisco housing  authority  and
  the  village  of  Mount  Kisco,  Westchester  county, and all contracts,
  agreements, obligations and undertaking heretofore entered into by  such
  Mount  Kisco housing authority or village relating to the public housing
  project  in  the  village  identified  and  known  as   Public   Housing
  Administration  Project  number NY-38-1 are hereby legalized, validated,
  ratified and confirmed in all respects, notwithstanding  any  defect  or
  irregularity therein or want of statutory authority.