(3) ANY OBLIGATION OF THE CORPORATION DOES NOT CONSTITUTE A
DEBT, LIABILITY, OR PLEDGE OF FULL FAITH AND CREDIT OF THE STATE AND MAY
NOT BE DEEMED TO CONSTITUTE A DEBT, LIABILITY, OR PLEDGE OF THE FULL FAITH
AND CREDIT OF THE STATE.

(B) (1) A BOARD OF DIRECTORS SHALL MANAGE THE AFFAIRS OF THE
CORPORATION AND SHALL EXERCISE ALL OF ITS CORPORATE POWERS.

(2) THE BOARD OF DIRECTORS SHALL CONSIST OF:

(I) NINE MEMBERS APPOINTED BY THE BOARD OF COUNTY
COMMISSIONERS OF CECIL COUNTY AS FOLLOWS:

1. TWO MEMBERS RECOMMENDED BY THE MAYOR AND
TOWN COUNCIL OF PORT DEPOSIT;

2. TWO MEMBERS RECOMMENDED BY THE STATE
LEGISLATIVE DELEGATION OF CECIL COUNTY;

3. THE DIRECTOR OF THE CECIL COUNTY DEPARTMENT OF
ECONOMIC DEVELOPMENT; AND

4.  FOUR AT-LARGE MEMBERS;

(II) SIX NONVOTING EX OFFICIO MEMBERS AS FOLLOWS:

1. THE SECRETARY OF BUSINESS AND ECONOMIC
DEVELOPMENT OR THE SECRETARY'S DESIGNEE; 

2. THE SECRETARY OF GENERAL SERVICES OR THE
SECRETARY'S DESIGNEE;

3. THE EXECUTIVE DIRECTOR OF THE MARYLAND
ECONOMIC DEVELOPMENT CORPORATION;

4. THE DIRECTOR OF THE MARYLAND HISTORICAL TRUST;

5. THE PRESIDENT OF THE BOARD OF COUNTY
COMMISSIONERS OF CECIL COUNTY; AND

6. THE MAYOR OF THE TOWN OF PORT DEPOSIT.

(3) (I) THE TERM OF AN APPOINTED MEMBER OF THE BOARD IS 4

YEARS.

(II) THE TERMS OF APPOINTED MEMBERS SHALL BE STAGGERED
TO ENSURE LONG-TERM CONTINUITY IN BOARD ACTION.

(III) AT THE END OF A TERM, A MEMBER CONTINUES TO SERVE
UNTIL A SUCCESSOR IS APPOINTED.

(IV) A MEMBER WHO IS APPOINTED AFTER A TERM HAS BEGUN
SERVES ONLY FOR THE REST OF THE TERM AND UNTIL A SUCCESSOR IS APPOINTED.