[Adopted 8-10-1999 by Ord. No. 467]
It is hereby declared to be the desire and intention
of the Board of Supervisors of the Township of Derry, being a municipality
of the Commonwealth of Pennsylvania and situate in the County of Dauphin,
to organize an authority under the Economic Development Financing
Law, Act No. 74 of 1993, P.L. 490, as amended and supplements, for
the purpose of exercising and enjoying all powers capable of being
exercised by an industrial and commercial development authority under
the aforesaid Act or any other Pennsylvania legislation.
The name of the proposed industrial and commercial
development authority is the "Township of Derry Industrial and Commercial
Development Authority."
The proposed Articles of Incorporation of the
Authority are as follows: (see Exhibit A attached hereto).[1]
[1]
Editor's Note: The Articles of Incorporation
(Exhibit A) are on file in the Township offices.
The persons named in paragraph five of the Articles of Incorporation, set forth in § 6-14 hereof, designated as appointees of the Township of Derry, are hereby appointed as the first and initial members of the Board of the Authority for the terms indicated, it being understood that the adoption of this article by the Township of Derry shall effect the appointment of such members listed above and designated as representatives of the municipality.
The municipal officers of the Township of Derry
are hereby authorized and directed to execute, under the Seal of the
Township of Derry, the Articles of Incorporation of the proposed authority
in substantially the same form as set forth in this article and such
officers are further authorized to do all things necessary or appropriate
to effect the incorporation of the proposed authority.
The project or projects authorized to be undertaken
by the proposed authority shall be as follows: any projects authorized
by the said Act under which incorporated or any other authorizing
legislation that have been approved by the Board of Supervisors of
the Township of Derry.
