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Session Laws, 1951
Volume 603, Page 1296   View pdf image (33K)
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1296 LAWS OF MARYLAND [CH. 463

When the Authority has been organized and its officers
elected, the secretary shall certify to the State Tax Com-
mission the names and addresses of its officers, as well as
the principal office of the Authority. Any change in the
location of the principal office shall likewise be certified to
the State Tax Commission within ten days after such
change.

410C. Every Authority of this State may, from time
to time, and in the manner hereinafter provided, amend its
articles of incorporation and thereby accomplish any one
or more of the following: the adoption of a new name; and
changes in, additions to, and diminutions of its powers and
purposes, provided that such amendment shall contain only
such provisions as it would be lawful or proper to insert
in articles of incorporation made at the time of such
amendment.

Such amendment or amendments shall be made in the
following manner:

(1) Such amendment or amendments shall first be pro-
posed by the Board by the adoption of a resolution setting
forth the proposed amendment or amendments and direct-
ing that it or they be submitted to the governing body or
governing bodies of the municipality or municipalities
composing the Authority. Said resolution shall contain
the language of the proposed amendment or amendments
to the articles of incorporation by providing that said ar-
ticles shall be amended so as to read as therein set forth
in full, or that any provision be amended so as to read as
therein set forth in full, or that the matter stated in said
resolution be added to or stricken from the articles of in-
corporation. After the amendment or amendments have
been submitted to the governing body or governing bodies
of the municipality or municipalities composing the Au-
thority, such governing body or governing bodies shall
adopt or reject the same by resolution or ordinance.

(2) After an amendment or amendments have been
adopted by the said governing body or governing bodies
articles of amendment shall be executed under the seal
of the Authority by two duly authorized officers of the
Authority who shall also verify under oath the matters and
facts set forth in said articles of amendment.

(3) Said articles of amendment shall contain (a) the
name and location of the principal office of the Authority;
(b) the amendment or amendments, in full, adopted by
the governing body or governing bodies of the municipality
or municipalities composing the Authority and a statement
that the same were proposed by the Board of the Authority



 

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Session Laws, 1951
Volume 603, Page 1296   View pdf image (33K)
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