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222 MARYLAND MANUAL
Appointed members: Herbert L. Langrall, 1971; Austin E. Penn, 1972; Fendall M. Clagett, 1974; Joel Kline, 1974. Oliver H. Fulton, Executive Director 950 Maryland National Bank Building, Baltimore 21202 Telephone: 383-4349 The Maryland Industrial Development Financing Authority was created by Chapter 714, Acts of 1966. The Authority consists of five members appointed by the Secretary of Economic and Community Development with the approval of the Governor for five-year terms with one term expiring each year, and the State Treasurer and the Secretary of Economic and Community Development or his designee who serve as ex officio members. The Authority elects its own officials and appoints the Manager who also serves as the Secretary. The Authority provides opportunities for new and expanded indus- trial enterprises for gainful employment by the people of Maryland. It also promotes the expansion and diversification of industry, in- creases employment, and provides a larger taxable base for the State's economy. The Authority assists and encourages local non-profit devel- opment corporations and local units of governments in their efforts to stimulate business growth in their communities. To these ends the Authority may secure the payment of mortgage loans secured by industrial projects, including manufacturers plants, facilities for stor- ing and shipping manufactured goods, and research and development facilities. Any reassured loans are limited to $4,000,000 for a single industrial project and to $30,000,000 for principal obligations of all outstanding insured mortgages (Code 1967, 1971 Repl. Vol., Art. 41, sees. 266J-266CC). Appropriations 1971 1972 General Funds .............................................. $18,647 $ 26,418 OCEAN CITY CONVENTION HALL COMMISSION Chairman: J. Marshall Stewart, 1973 J. Warren Frame, 1972; G. Maxwell Armor, Jr., 1974; Albert Berger, 1975; John Dale Showell III, 1976. Consultants: Russell 0. Hickman, Member of the House of Dele- gates from Worcester County; Louis L. Goldstein, Comptroller of the Treasury; Harry W. Kelley, Mayor of Ocean City. Earl G. Baird, Executive Director 4001 Philadelphia Avenue, Ocean City, Maryland 21842 Telephone: 289-8311 The Ocean City Convention Hall Commission was created by Chap- ter 646, Acts of 1967. The Commission consists of five members, all of whom are appointed by the Governor for five-year terms. The Gover- nor selects the Chairman. At least two of the members of the Com- mission must be residents or property owners within the corporate limits of Ocean City. The Ocean City Convention Hall is operated for housing religious, business and professional conventions, cultural events, industrial exhibits, trade shows, and other events which might stimulate the tourist trade and economy of the State. The Convention Hall has officially been open for a period of seventeen months. It has been most successful in attaining its original intent and purpose. The Commission must submit a report annually to the Board of Public Works and the Mayor and Council of Ocean City (Code 1967, 1971 Repl. Vol., Art. 41, sees. 405-406). |
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Maryland Manual, 1971-72
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