§ 440. Ogdensburg Housing Authority. A municipal housing authority,
to be known as the Ogdensburg Housing Authority, is hereby created and
established for the city of Ogdensburg in the county of St. Lawrence 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 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. Such authority shall have perpetual duration; provided,
however, that if at the expiration of three years subsequent to the time
this section as hereby added takes effect, there shall be outstanding no
bonds or other obligations of such authority theretofore issued for any
of the purposes authorized in this chapter, then its corporate existence
shall thereupon terminate and such authority shall thereupon be deemed
to be and shall be dissolved.