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Session Laws, 1997
Volume 795, Page 2987   View pdf image
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PARRIS N. GLENDENING, Governor

Ch. 539

Article 2 - Anne Arundel County

Article 2

TITLE 12. TIPTON AIRPORT AUTHORITY

12-101.

THE GOVERNING BODY OF ANNE ARUNDEL COUNTY MAY ESTABLISH BY
LOCAL LEGISLATION A PUBLIC CORPORATION TO BE KNOWN AS THE TIPTON
AIRPORT AUTHORITY.

12-102.

THE AUTHORITY MAY ACQUIRE, EQUIP, MAINTAIN, AND OPERATE AN
AIRPORT OR LANDING FIELD AND APPURTENANT FACILITIES AT FORT GEORGE G.
MEADE IN ANNE ARUNDEL COUNTY.

12-103.

(A) THE COUNTY MAY:

(1) SPECIFY THE ORGANIZATION AND MEMBERSHIP OF THE
AUTHORITY;

(2) SPECIFY THE POWERS TO BE EXERCISED BY THE AUTHORITY;

(3) PROVIDE FOR THE EXERCISE OF ALL POWER, AUTHORITY, RIGHTS,
AND OBLIGATIONS REQUIRED UNDER THIS TITLE; AND

(4) SPECIFY ANY OTHER MATTERS RELATING TO THE AUTHORITY AS
THE COUNTY MAY DEEM PRUDENT OR NECESSARY.

(B) THE COUNTY SHALL:

(1) ESTABLISH THE AUTHORITY AS A BODY CORPORATE AND POLITIC,
WHICH SHALL BE DEEMED AN INSTRUMENTALITY OF THE COUNTY AND A PUBLIC
CORPORATION;

(2) PROVIDE THAT THE POWERS TO BE EXERCISED BY THE AUTHORITY
INCLUDE ALL POWERS NECESSARY OR CONVENIENT FOR CARRYING OUT THE
PURPOSES OF THE AUTHORITY; AND

(3) PROVIDE FOR THE ESTABLISHMENT OF REGULATIONS RELATING
TO MEMBERSHIP OF THE AUTHORITY.

(C) THE COUNTY MAY PROVIDE THAT THE AUTHORITY, BY RESOLUTION,
MAY ISSUE NEGOTIABLE, TAXABLE AND TAX EXEMPT REVENUE BONDS, REVENUE
REFUNDING BONDS, NOTES, AND OTHER EVIDENCES OF INDEBTEDNESS IN
ACCORDANCE WITH THE FOLLOWING:

(1) THE BONDS OR OTHER EVIDENCES OF INDEBTEDNESS SHALL BE
USED TO PAY ALL OR PART OF THE COST OR PURCHASE PRICE OF ONE OR MORE
PROJECTS OR TO REFUND OUTSTANDING REVENUE BONDS THAT ARE ISSUED WITH

- 2987 -

 

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Session Laws, 1997
Volume 795, Page 2987   View pdf image
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