A.
There is hereby established a Recreational Park Commission for the Town of Red Hook, Dutchess County, New York, pursuant to a lease dated the 28th day of May 1975, between the Recreational Park of Red Hook, Inc., a membership corporation (domestic) and the Town of Red Hook, a domestic municipal corporation, whereby the Recreational Park of Red Hook, Inc., being the owner of certain property in the Town of Red Hook, by said agreement leased to the Town of Red Hook numerous acres of its property for a period of 99 years; and the Town of Red Hook shall pay an annual rent of $1 per year.
B.
This Commission is to be established and invested with the complete authority to manage, control, maintain, expand, renovate and improve, and use the leased property as a recreational facility and public park for the benefit, welfare and general well-being of the residents of the Town of Red Hook and the members of the Recreational Park, Inc.