[HISTORY: Adopted by the Board of Supervisors of the Township of Sadsbury 3-3-1969. Amendments noted where applicable.]
The Township of Sadsbury hereby signifies its intention on its own behalf, as well as jointly in conjunction with five other Chester County municipalities, namely, Caln Township, the City of Coatesville, the Borough of Parkesburg, Valley Township and West Sadsbury Township, to organize the Central and Western Chester County Industrial Development Authority under Act No. 102 of the Commonwealth of Pennsylvania, approved August 23, 1967, known as the "Industrial Development Authority Law."[1]
[1]
Editor's Note: See 73 P.S. § 371 et seq.
The Chairman of the Board of Supervisors shall execute, the Secretary of the Township of Sadsbury shall affix and attest the seal and the Solicitor is authorized to advertise and to file, on behalf of the Township of Sadsbury, Articles of Incorporation with the Secretary of the Commonwealth of Pennsylvania in substantially the following form:
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF STATE
INDUSTRIAL DEVELOPMENT AUTHORITY LAW
1967, August 23, P.L. No. 102
File
Number
ARTICLES OF INCORPORATION OF CENTRAL AND WESTERN CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY
In accordance with the requirements of the Industrial Development Authority Law, approved the 23rd day of August, A.D. 1967 (Act No. 102, 73 P.S. § 371), the undersigned, constituting in each case the governmental body of the municipality indicated, acting severally as well as jointly in association with each of the other governmental bodies for the purposes set forth in the Industrial Development Authority Law, and desiring that they may be incorporated and that a Certificate of Incorporation may be issued to them and their and each of their successors according to law, do hereby certify that:
1.
The name of the Authority shall be the "Central and Western Chester County Industrial Development Authority."
2.
The Authority is formed under the Industrial Development Authority Law, approved the 23rd day of August 1967 (Act No. 102).
3.
Sadsbury Township, the City of Coatesville, the Borough of Parkesburg, Caln Township, Valley Township and West Sadsbury Township, all in Chester County, Pennsylvania, each acting on its own behalf, as well as jointly in conjunction with the others, are the incorporating municipalities. Joinder of additional Chester County municipalities is encouraged, such joinder to be effected by amendment of these Articles of Incorporation, with the approval of the then members of the Authority.
The following are the names, addresses and official positions of the members of the respective governmental bodies of the incorporating municipalities: (see original on file).
4.
The governing body of the Authority shall be a Board comprised at all times of not fewer than six (6) members.
Each governmental body of the incorporating municipalities, and the governmental body of any municipality hereafter becoming a member of the Authority, shall have the right to designate and to be represented at all times by two (2) members of the Board of the Authority. The names, addresses and the initial terms of office computed from January 1, 1969, of the first members of the Board of the Authority, as designated by the governmental bodies of the incorporating municipalities, are: (see original on file).
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SADSBURY TOWNSHIP
Louis J. Battista, 125 Reel Street, Coatesville, Pa., two (2) years
Gunnar W. Zorn, Lincoln Highway, Sadsburyville, Pa., three (3) years
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5.
The Authority shall exist for a term of fifty (50) years, in accordance with the Industrial Development Authority Law, approved August 23, 1967 (Act No. 102). These Articles of Incorporation have been executed by the governmental bodies of the incorporating municipalities, by their respective municipal seals.
6.
All projects approved by the Authority shall provide for annual payments by the lessee to the Authority, in addition to any other payments which may be required, of an amount equivalent to the real estate taxes assessable against the property and improvements leased for the use of the respective taxing authorities in which said property and improvements are located in the same proportion to the real estate taxes levied by each of them.