<Another Public Authorities Law § 1552 appears in Title 7, Tuckahoe Parking Authority.>
A board to be known as “Endicott parking authority” is hereby created. Such board shall be a body corporate, constituting a public benefit corporation,
and its existence shall commence upon the appointment of the members as herein provided. It shall consist of a chairman and four other members, who shall be appointed by
the board of trustees of the village. Of the members first appointed, one shall be appointed for a period of one year,
one for a period of two years, one for a period of three years, one for a period of
four years, and one for a period of five years. At the expiration of such terms, the terms of office of their successors shall be
five years. Each member shall continue to serve until the appointment and qualification of his
successor. Vacancies in such board occurring otherwise than by the expiration of term shall
be filled by the village board of trustees for the unexpired term. The members of the board shall choose from their number a vice-chairman. The village board of trustees may remove any member of the board for inefficiency,
neglect of duty or misconduct in office, giving him a copy of the charges against
him and an opportunity of being heard in person, or by counsel, in his defense upon
not less than ten days notice. The members of the board shall be entitled to no compensation for their services
but shall be entitled to reimbursement for their actual and necessary expenses incurred
in the performance of their official duties. The powers of the authority shall be vested in and exercised by a majority of the
members of the board then in office. Such board may delegate to one or more of its members or to its officers, agents
and employees such powers and duties as it may deem proper. Such board and its corporate existence shall continue only for a period of five
years, and thereafter until all its liabilities have been met and its bonds have been
paid in full or such liabilities or bonds have otherwise been discharged. Upon its ceasing to exist, all its rights and properties shall pass to the village.
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