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Maryland Manual, 1969-70
Volume 174, Page 718   View pdf image (33K)
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718 MARYLAND MANUAL
(3) The directors shall serve without salary, but each
director shall be entitled to reimbursement for his actual
and necessary expenses incurred in the performance of his
official duties.
(4) The executive director, who shall act as the chief
executive officer of the Authority, shall be selected by the
directors of the Authority subject to the approval of the
Governor. He shall be entitled to receive such salary as the
directors may determine for his services but he may not
engage in any private employment.
(5) The Governor may appoint a business advisory coun-
cil for housing and community development, to advise and
make recommendations to the Authority with respect to
development policies and programs and to encourage maxi-
mum participation in developments of the Authority by the
private sector of the economy, including members of the
council and firms and corporations with which they are
affiliated. Such council shall consist of not more than fifteen
members, who shall serve at the pleasure of the Governor,
and who shall be broadly representative of commerce and
industry, the financial community and the construction and
housing industries. Such members shall serve without sal-
ary, but shall be entitled to reimbursement for their actual
and necessary expenses incurred in the performance of
their duties.
(6) The Governor may appoint community advisory com-
mittees of no more than ten members for each locality of
the State in which a development is undertaken. The com-
mittees shall be composed of representatives of the commu-
nity, including representation from the community's low
income sector. The advice of the committees shall be
solicited and considered by the Authority at every stage of
the development process. The members of such committees
shall serve, at the pleasure of the Governor, without salary,
but shall be entitled to reimbursement of their actual and
necessary expenses incurred in the performance of their
duties.
(7) The Authority and its corporate existence shall con-
tinue until terminated by law, provided, however, that no
such law shall take effect so long as the Authority shall
have bonds, notes and other obligations outstanding, unless
adequate provision has been made for the payment thereof
in the documents securing the same. Upon termination of
the existence of the Authority, all its rights and properties
shall pass to and be vested in the State.

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Maryland Manual, 1969-70
Volume 174, Page 718   View pdf image (33K)
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