[Added 11-5-2003 by Ord. No. 2045-03]
A. Intent. It is the desire of the Board of Commissioners
of Cheltenham Township, Montgomery County, in the Commonwealth of
Pennsylvania, to organize a Cheltenham Township Industrial Development
Authority in said county, said commonwealth, under the Economic Development
Financing Law.
B. Adoption of Articles of Incorporation. In pursuit
of said desire and intention and in conformity with the terms and
provisions of the Economic Development Financing Law, the proposed
Articles of Incorporation are hereby set forth in Exhibit A attached
hereto and made a part hereof. The proposed Articles of Incorporation of said Authority
shall be executed by and on behalf of the Board of Commissioners of
Cheltenham Township by the President of said Board, and the Seal of
Cheltenham Township shall thereto be affixed and attested to by the
Secretary of said Board. After proper execution, the Articles of
Incorporation shall be filed with the Secretary of the Commonwealth
of Pennsylvania.