[HISTORY: Adopted by the Board of Supervisors of the Township of Washington 1-18-1993 by Ord. No. 1993-1. Amendments noted where applicable.]
It is the intent of the Board of Supervisors of Washington Township to organize an Authority pursuant to the Pennsylvania Municipality Authorities Act of 1945, 53 P.S. § 301 et seq., as amended, supplemented, modified or reenacted by the General Assembly of the Commonwealth of Pennsylvania.
Editor's Note: 53 P.S. § 301 et seq. was repealed 6-19-2001 by P.L. 287, No. 22, § 3. See now 53 Pa.C.S.A. § 5601 et seq.
The name of the Authority shall be the "Washington Township Municipal Authority."
The proposed Articles of Incorporation of the Authority are as follows.
Editor's Note: The Articles of Incorporation are on file in the Township offices.
The officers of Washington Township, Berks County, Pennsylvania, are authorized and directed to execute under its Corporate Seal the Articles of Incorporation of the proposed Authority in substantially the form set forth in this chapter, and such officers are authorized to do all acts necessary or appropriate to effect the incorporation of the proposed Authority.
The Authority shall be for the purpose of financing working capital and of acquiring, holding, constructing, financing, improving, maintaining and operating, owning and leasing, either in the capacity of lessor or lessee, projects of the kind and character described in the following subsections and for the purpose of providing financing for insurance reserves: