898 - Herkimer county industrial development agency.

§  898.  Herkimer  county  industrial  development  agency. 1. For the  benefit of the county  of  Herkimer  and  the  inhabitants  thereof,  an  industrial  development  agency,  to  be  known  as  the HERKIMER COUNTY  INDUSTRIAL  DEVELOPMENT  AGENCY,   is   hereby   established   for   the  accomplishment  of  any or all of the purposes specified in title one of  article eighteen-A of this chapter. It shall constitute a body corporate  and politic, and be perpetual in duration. It shall have the powers  and  duties  now or hereafter conferred by title one of article eighteen-A of  this chapter upon industrial development agencies. It shall be organized  in a manner prescribed by and be subject to the provisions of title  one  of article eighteen-A of this chapter. Its members shall be appointed by  the  governing  body of the county of Herkimer. The agency, its members,  officers and employees, and its operations and activities shall  in  all  respects  be  governed  by  the  provisions  of  title  one  of  article  eighteen-A of this chapter.  To the extent that the foregoing provisions  of this subdivision or of title one of  this  article  are  inconsistent  with  the  provisions of subdivision two of this section, the provisions  of such subdivision two shall be controlling.    2. Neither the provisions of subparagraph  two  of  paragraph  (b)  of  subdivision  one of section eight hundred fifty-six nor of section eight  hundred eighty-two of this article shall apply to  the  Herkimer  county  industrial  development  agency  until  after  the expiration of fifteen  years subsequent to the effective date of the special act  creating  the  agency  and such agency as created and constituted pursuant to the other  provisions of this article shall be continued until otherwise altered or  terminated pursuant to provisions of law applicable to such agency.