[Ord. 552, 8/24/2011]
The Board of Supervisors constituting the "governmental body"
of the Township of Lower Southampton in the County of Bucks and Commonwealth
of Pennsylvania as defined in the Act of Assembly known as the "Economic
Development Financing Law" (73 P.S. § 371 et seq., as amended)
hereby signifies its intention to organize an industrial development
authority under the provisions of said Act.
[Ord. 552, 8/24/2011]
The name of the proposed authority is "Lower Southampton Township
Industrial Development Authority." In pursuance of the aforesaid intention
to organize said authority, Articles of Incorporation for the said
Authority are hereby approved in the form attached hereto as Exhibit
A.[1]
[1]
Editor's Note: Exhibit A is included as an attachment to this chapter.
[Ord. 552, 8/24/2011]
The purpose of the Authority is to acquire, hold, construct,
improve, maintain, own, finance and lease economic development projects
within and without Lower Southampton Township.
[Ord. 552, 8/24/2011]
The first members of the Board of said Authority, named in the
aforesaid Articles of Incorporation, are hereby specifically appointed
as members of said Board for the terms of office set after their respective
names, which terms shall commence on the date of issuance of the certificate
of incorporation by the Department of State of the Commonwealth of
Pennsylvania and shall be computed from the first day of January 2012.
[Ord. 552, 8/24/2011]
The proper officers of the Board of Supervisors of the Township
of Lower Southampton are hereby authorized and directed to execute
said Articles of Incorporation on behalf of said Township of Lower
Southampton, to cause a notice of intention to file said Articles
of Incorporation to be published as required by law, and to file said
Articles of Incorporation, together with a certified copy of this
part and required proofs of publication, with the Secretary of the
Commonwealth of Pennsylvania, and to do, execute and perform any and
all acts and things necessary or appropriate to effect the incorporation
of the "Lower Southampton Township Industrial Development Authority."
