2392

LAWS OF MARYLAND

Ch. 240

(4) THE NAMES, ADDRESSES, AND TERMS OF OFFICE OF
THE FIRST MEMBERS OF THE BOARD OF THE AUTHORITY, AND, IF THE
GOVERNING BODY OF THE MUNICIPALITY DETERMINES THAT ITS
MEMBERS SHALL CONSTITUTE THE BOARD OF THE AUTHORITY, A
STATEMENT TO THAT EFFECT; AND

(5) THE PURPOSE OR PURPOSES FOR WHICH THE
AUTHORITY IS TO BE CREATED OR IS CREATED.

(C)  EXECUTION, FILING, AND EFFECT OF ARTICLES OF
INCORPORATION.

THE ARTICLES OF INCORPORATION SHALL BE EXECUTED BY EACH
INCORPORATING MUNICIPALITY BY ITS PROPER OFFICERS AND SHALL
BE FILED WITH THE STATE DEPARTMENT OF ASSESSMENTS AND
TAXATION, WHICH SHALL RECEIVE THE ARTICLES OF INCORPORATION
AND ENDORSE ON THEM THE DATE AND TIME OF RECEIPT. WHEN THE
DEPARTMENT OF ASSESSMENTS AND TAXATION ISSUES A CERTIFICATE
OF APPROVAL, THE CORPORATE EXISTENCE OF THE AUTHORITY BEGINS
AND THE AUTHORITY IS CONCLUSIVELY DEEMED TO HAVE BEEN
LAWFULLY AND PROPERLY CREATED AND AUTHORIZED TO EXERCISE ITS
POWERS UNDER THIS SUBTITLE.

(D)  OFFICERS; PRINCIPAL PLACE OF BUSINESS.

WHEN THE AUTHORITY HAS BEEN ORGANIZED AND ITS OFFICERS
ELECTED, THE SECRETARY OF THE AUTHORITY SHALL CERTIFY TO THE
STATE DEPARTMENT OF ASSESSMENTS AND TAXATION THE NAMES AND
ADDRESSES OF ITS OFFICERS AND THE PRINCIPAL OFFICE OF THE
AUTHORITY. ANY CHANGE IN THE LOCATION OF THE PRINCIPAL
OFFICE SHALL BE CERTIFIED TO THE STATE DEPARTMENT OF
ASSESSMENTS AND TAXATION WITHIN 10 DAYS AFTER THE CHANGE.

REVISOR'S NOTE: This section formerly appeared as
Article 43, § 446.

In subsections (c) and (d) of this section,
"State Department of Assessments and Taxation" is
substituted for the former references to the
"State Tax Commission" in light of Article 41, §
318 of the Code.

Also in subsection (c) of this section, the
former references to the State Department of
Assessments and Taxation reviewing and recording
the articles of incorporation are deleted as
unnecessary in light of CA § 1-201 and 1-202.

The only other changes are in style.

9-903. AMENDMENT OF ARTICLES OF INCORPORATION.

(A) IN GENERAL.