A Board of Tax Arrears for the City of Glens Falls, to consist
of three officials of such city to be chosen by the Common Council
thereof, is hereby established pursuant to the provisions of § 96-b
of the Tax Law of State of New York, as amended.
The terms of the members of such Board shall terminate with
the end of the respective term of office of such members; vacancies
by reason of end of term of office or otherwise shall be filled by
the Common Council for terms ending as above provided.
Such Board of Tax Arrears is instituted for the purpose of examining
and considering the status of tax sales certificates of real property,
acquired by the city at sales for unpaid taxes, and of real property,
the deeds for which have been acquired by the city following sales
for unpaid taxes; and to consider and provide for the disposition
or sale of such certificates and real property; and, therein, shall
have and exercise the powers and duties specified and set forth in
§ 96-b of the Tax Law of the State of New York, as amended.