[Adopted 8-15-2000 (§ 16-26 of the 2010 Code)]
There is hereby established under MGL c. 40, § 8A,
an Industrial Development Commission consisting of 15 members appointed
by the Mayor.
When the Commission is first established, the members shall
be appointed as follows: three members for a one-year term, three
members for a two-year term, three members for a three-year term,
three members for a four-year term, and three members for a five-year
term. All successive terms after the first term by all members shall
be five-year terms. Vacancies shall be filled by the Mayor by appointment
for the unexpired term.
The Commission shall perform the duties prescribed by MGL c.
40, § 8A.
All members shall serve without compensation.
