The Planning Board shall be empowered to approve
plats showing lots, blocks or sites, with or without streets or highways,
within that part of the Town of Philipstown outside of the limits
of the Incorporated Villages of Cold Spring and Nelsonville.
This authority shall be vested in the Planning
Board and take effect simultaneously with the adoption, pursuant to
law, of rules and regulations in respect to the preparation, filing
and approval of said plats.