Borough of Milton, PA Article II Industrial Development Authority

[Adopted 8-20-1969 by Ord. No. 576]

§ 8-5 Intent.

It is the desire of said Council of said Borough of Milton, in the Commonwealth of Pennsylvania, and said Council hereby signifies its intention to organize an Industrial Development Authority in said Borough and commonwealth, under the Industrial Development Authority Act.[1]

[1] Editor's Note: See 73 P.S. § 301 et seq.

§ 8-6 Articles of Incorporation.

In pursuance of said desire and intention and in conformity with the terms and provisions of said Industrial Development Authority Act,[1] the proposed Articles of Incorporation are hereby set forth in full as follows. See Exhibit A attached hereto.[2]

[1] Editor's Note: See 73 P.S. § 301 et seq.

[2] Editor's Note: Exhibit A is on file and available for inspection in the office of the Borough Secretary.

§ 8-7 Completion of incorporation.

The proposed Articles of Incorporation of said Authority shall be executed by and on behalf of the Borough of Milton by the President of the Council, and the Seal of said Borough shall be thereto affixed and attested by the Secretary. The Borough Solicitor is authorized and directed to cause to be published the notice of this article, which shall contain the substance of the Article of Incorporation as required by the aforementioned Act,[1] and when said Articles of Incorporation are properly executed, the same shall be filed with the Secretary of the commonwealth.

[1] Editor's Note: See 73 P.S. § 301 et seq.