ยง  1701.  Boards of education corporate bodies. The board of education
  of each union free school district is hereby created  a  body  corporate
  and  it  shall,  at  its  first  meeting  and  at  each  annual  meeting
  thereafter, elect one of its members president.   It may  also,  in  its
  discretion,  elect one of its members vice president, who shall have the
  power to exercise the duties of the president in case of the absence  or
  disability  of  the  president.    In  case  of vacancy in the office of
  president, the vice president shall act as president until  a  president
  shall  be  elected.    All  property  which  is  now vested in, or shall
  hereafter be transferred to the board  of  education  of  a  union  free
  school  district,  for the use of schools in the district, shall be held
  by them as a corporation.
Structure New York Laws
Title 2 - School District Organization
Article 35 - Union Free School Districts
1701 - Boards of Education Corporate Bodies.
1702 - Board of Education; Election; Terms of Office.
1703 - Change in Number of Members of Board of Education.
1704 - Length of School Year, and Expenditure of Funds.
1705 - Annexing Territory to a Union Free School District.
1706 - Power of Removal of Member of Board of Education.
1707 - Annual Organizational Meetings of Boards of Education.
1708 - Regular Meetings; Visitation of Schools.
1709 - Powers and Duties of Boards of Education.
1709-A - Powers of Boards of Education to Ban Fraternities, Sororities and Other Secret Societies.
1710 - Boards of Education Have Powers of Trustees of Common Schools and Trustees of Academies.
1711 - Appointment of Superintendent of Schools.
1712 - Kindergartens; Nursery and Night Schools.
1713 - Academy May Be Adopted as Academic Department.
1714 - Contracts With Academies.
1715 - Retransfer of Academy to Its Former Trustees.
1716 - Estimated Expenses for Ensuing Year.
1717 - Corporate Authorities Must Raise Tax Certified by Board of Education.
1718 - Limitation Upon Expenditures.
1719 - Deposit, Custody and Payment of Moneys in Villages.
1720 - Moneys and Accounts in Union Free School Districts.
1722 - Application of Article.
1723-A - Temporary Investment of School Moneys.
1724 - Form and Audit of Claims.
1725 - Lease of Personal Property.
1725-A - Powers of Boards of Education; Instructional Equipment.