Section 898 - Herkimer county industrial development agency1. For the benefit of the county of Herkimer and the inhabitants thereof, an industrial development agency, to be known as the HERKIMER COUNTY INDUSTRIAL DEVELOPMENT AGENCY, is hereby established for the accomplishment of any or all of the purposes specified in title one of article eighteen-A of this chapter. It shall constitute a body corporate and politic, and be perpetual in duration. It shall have the powers and duties now or hereafter conferred by title one of article eighteen-A of this chapter upon industrial development agencies. It shall be organized in a manner prescribed by and be subject to the provisions of title one of article eighteen-A of this chapter. Its members shall be appointed by the governing body of the county of Herkimer. The agency, its members, officers and employees, and its operations and activities shall in all respects be governed by the provisions of title one of article eighteen-A of this chapter. To the extent that the foregoing provisions of this subdivision or of title one of this article are inconsistent with the provisions of subdivision two of this section, the provisions of such subdivision two shall be controlling.2. Neither the provisions of subparagraph two of paragraph (b) of subdivision one of section eight hundred fifty-six nor of section eight hundred eighty-two of this article shall apply to the Herkimer county industrial development agency until after the expiration of fifteen years subsequent to the effective date of the special act creating the agency and such agency as created and constituted pursuant to the other provisions of this article shall be continued until otherwise altered or terminated pursuant to provisions of law applicable to such agency.