Section 482. Village of Ilion housing authority

A municipal housing
  authority, to be known as the village of  Ilion  housing  authority,  is
  hereby created and established for the village of Ilion in the county of
  Herkimer, 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.