New York Consolidated Laws, Public Authorities Law - PBA § 1599-b. Niagara Falls parking authority

A board to be known as “Niagara Falls 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 by the City Council.  The board shall consist of the Mayor of the City of Niagara Falls who shall serve as Chairman;  the City Manager;  the Comptroller;  Chief Planning Officer and Traffic Engineer.  Each member of the board shall continue to serve so long as he shall serve in his city position.  The members of the board shall choose from their number a vice-chairman.  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.  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 city.