1420-D - Monroe regional parking authority.
§ 1420-d. Monroe regional parking authority. A board to be known as "Monroe regional parking authority" is hereby created. Such board shall be a body corporate and politic constituting a public benefit corporation, and its existence shall commence upon the appointment of the members as herein provided. It shall consist of five members, appointed by the local legislative bodies of the participating municipalities as follows: two members to be chosen by the local legislative body of the town of Monroe to serve for periods of five and four years, respectively, two members to be chosen by the local legislative body of the village of Monroe to serve for periods of three and two years, respectively, and one member to be chosen by the local legislative body of the village of Harriman to serve for a period of one year. All such terms shall begin on the first day of January next succeeding the date on which this title becomes law. At the expiration of such terms, the terms of office of their successors shall be five years so that the term of office of one-fifth of such members shall expire on the thirty-first day of December in each year. 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 such term, shall be filled for the unexpired term by the body making the original appointment. The members of the board shall choose from their number a chairman. The body which appointed any member may remove such member of the board for inefficiency, neglect or 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 to the thirty-first day of December, nineteen hundred ninety-nine, 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 ceasing to exist, all real property shall pass to the village in which it is located, and if outside the limits of any village, to the town in which located. All other property shall be equally divided among the participating municipalities.