[HISTORY: Adopted by the Board of Supervisors of Mathews County as indicated in article histories. Amendments noted where applicable.]
There is hereby created pursuant to the provisions of the Act, a political subdivision of the Commonwealth of Virginia, with such public and corporate powers as are set forth in the Act.
Editor's Note: "The Act" refers to the Industrial Development and Revenue Bond Act, Chapter 33, Title 15.1, Code of Virginia of 1950, as amended.
The name of the Authority shall be the Economic Development Authority of Mathews County, Virginia.
The Authority shall be governed by a Board of Directors of seven members to be appointed by resolution of the Board of Supervisors. The Chairman of the Board of Supervisors is authorized to call the initial meeting of the Board of Directors of the Authority in the manner provided for the call of special meetings of the Board of Supervisors.