[HISTORY: Adopted by the Borough Council of the Borough of Shippensburg 5-20-1969 by Ord. No. 384. Amendments noted where applicable.]
Borough Authority — See Ch. 8.
Sanitary Authority — See Ch. 52.
The Council hereby signifies its intention and desire to organize an Authority under the provisions of the Act of August 23, 1967, Act No. 102, known as the "Industrial Development Authority Law," for the purpose of exercising any and all powers conferred by the Act.
Editor's Note: See 73 P.S. § 371 et seq. Pursuant to an amendment adopted December 29, 1971, this law is now entitled the "Industrial and Commercial Development Authority Law."
The President of Borough Council and the Secretary thereof are hereby authorized and directed to execute, on behalf of the Borough of Shippensburg, Articles of Incorporation for said Authority, in substantially the following form.
Editor's Note: A copy of the Articles of Incorporation is on file in the office of the Borough Secretary.
The proper officers of the borough are hereby directed to cause a notice of this chapter, including the substance of the Articles of Incorporation, to be published one time in a newspaper published and of general circulation in the County of Cumberland, one time in a newspaper published and of general circulation in the County of Franklin and one time in the Cumberland Law Journal, as directed by the Act.
The President and Secretary of Borough Council are directed to file said Articles of Incorporation, together with the necessary proofs of publication, with the Secretary of the commonwealth, and to do all other acts and things necessary or appropriate to effect the incorporation of the Borough of Shippensburg Industrial Development Authority, including payment of any costs and fees in connection therewith.
The following-named persons are hereby appointed as the first members of the Board of the Authority, whose terms of office shall commence on the date of appointment and shall be computed from January 1, 1970: