Volume 734, Page 1115 View pdf image |
MARVIN MANDEL, Governor 1115 MUNICIPALITY OR COUNTY, MAY NOT INURE TO THE BENEFIT OF ANY PERSON OTHER THAN THE INCORPORATING MUNICIPALITY OR COUNTY. (E) THE INCORPORATING MUNICIPALITY OR COUNTY MAY BY LEGISLATIVE ACT AT ANY TIME, IN ITS SOLE DISCRETION, SUBJECT TO THE PROVISIONS OF THIS SUBHEADING AND TO ANY LIMITATIONS IMPOSED BY LAW UPON THE IMPAIRMENT OF CONTRACTS, CHANGE THE STRUCTURE, ORGANIZATION, PROGRAMS, OR ACTIVITIES OF THE AUTHORITY, OR TERMINATE THE AUTHORITY. UPON TERMINATION OF AN AUTHORITY, TITLE TO ALL ITS PROPERTY SHALL VEST IN THE INCORPORATING MUNICIPALITY OR COUNTY AND ALL OBLIGATIONS AND ASSETS OF SECTION 2. AND BE IT FURTHER ENACTED, That Sections Article 41 — Governor — Executive and Administrative Departments 266-O. (8) "Mortgagor" means a local development corporation [or], a municipality or [a] county, or their 266W. (e) Every reference in this section to counties or SECTION 3. AND BE IT FURTHER ENACTED, That this Act Approved May 4, 1976.
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Volume 734, Page 1115 View pdf image |
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