WILLIAM DONALD SCHAEFER, Governor

Ch. 83

Article 25 - County Commissioners

[232.

(a)     The Harford Educational Foundation, hereinafter called the Foundation, is
hereby created and continued a body corporate and politic. The foundation shall consist
of 11 directors appointed by the method and for terms as hereinafter provided. The
directors shall serve without compensation.

(b)     The chairperson of the Harford Community College Board of Trustees, the
president of Harford Community College and the designee of the Board of Education of
Harford County shall each be a member of the Foundation ex officio. The 8 remaining
directors shall be elected by a majority vote of the Foundation for terms of three years or
the remainder thereof; and thereafter, these positions shall be so filled. At the end of a
term, a director continues to serve until a successor is appointed and qualifies. Each
director shall be a resident of Harford County. The terms of 6 of the elected directors
serving on July 1, 1984 are staggered as in effect on June 1, 1984. The Board shall elect 2
additional directors for terms of 3 years to begin July 1, 1984.

(c)     The Foundation may appoint an Executive Director and other employees as
may be necessary to be paid for by moneys made available for that purpose. The
Foundation shall adopt bylaws for governing its functions and a seal and may operate to
the same extent as any private corporation.

(d)     The purpose of the Harford Educational Foundation is declared to be to
further educational opportunities afforded by established and recognized institutions of
learning, particularly the Harford Community College, by providing financial resources
and services related thereto, for facilities as well as scholarships, fellowships, loans, grants
and other forms of assistance; and to provide an instrumentality or depository for the
receipt of funds by grant, gift, devise or bequest for educational uses, particularly those
forms of philanthropy especially intended for education purposes.

(e)     In furtherance of the purposes of the Foundation it may:

(1)     Accept funds from federal and State governments and political
subdivisions of Maryland;

(2)     Accept moneys by gift, devise, or any other form, whether absolute or
conditional, in furtherance of the purposes of the Foundation;

(3)     Act as trustee under any trust created solely for the educational benefit
of an individual or individuals, and revocable upon termination of the purposes of the
trust, by the settlor;

(4)     Act as trustee, and manage funds received by gift or devise as continuing
endowments, when the sole beneficiary is a specific individual or individuals or class of
individuals;

(5)     Act as trustee and administer funds that may be received from
individuals, associations, or corporations for specified educational purposes, acceptable
to the Foundation;

- 1141 -