[HISTORY: Adopted by the Board of Supervisors
of Shenandoah County as indicated in article histories. Amendments
noted where applicable.]
[Adopted 11-13-1973; amended in its entirety 12-12-2023 by Ord. No.
2023-06]
The Board of Supervisors of Shenandoah County, Virginia has
created a political subdivision of the Commonwealth of Virginia pursuant
to the Industrial Development and Revenue Bond Act (the "Act"), Code
of Virginia, § 15.2-4900 et seq., which is named the Economic
Development Authority of Shenandoah County, Virginia, hereafter referred
to as the "Authority."
Note: The Authority was originally formed by an ordinance adopted
on November 13, 1973, and was formerly known as the "Industrial Development
Authority of Shenandoah County, Virginia."
The Authority shall have such public and corporate powers, rights
and duties as are set forth in the Act, including such powers, rights
and duties as may hereafter be granted from time to time by the General
Assembly of Virginia.
The initial Board of Directors of the Authority was composed
of seven Directors appointed to staggered terms of office as follows:
Two Directors each for one year, two Directors each for two years,
two Directors each for three years and one Director for four years.
Thereafter each term shall be for four years, except appointments
to fill vacancies, which shall be for the unexpired term.
