A.
It is hereby found and determined that economical hydroelectric energy from the Niagara - St. Lawrence Power Projects will be available to certain municipalities operating public utility services and that it is necessary, in order to qualify for the purchase of said power, to establish a public utility service agency for the purchase and resale of electric energy power to consumers in the Village of Ellenville.
B.
It is further found and determined that the most efficient method of purchasing and distributing electric energy power to consumers in the Village of Ellenville is through contracts and leasing agreements.