§ 374. Method of incorporation; applicable elected representative
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 73 P.S. Trade and Commerce
73 P.S. § 374
§ 374. Method of incorporation; applicable elected representative
Thereafter, the governmental body of such municipality shall cause a notice of such resolution or ordinance to be published at least one time in the legal periodical of the county in which such authority is to be organized, and at least one time in a newspaper, published and of general circulation, in such county. Said notice shall contain a brief statement of the substance of said resolution or ordinance, including the substance of articles of incorporation making reference to this act, and shall state that on a day certain, not less than three days after publication of said notice, articles of incorporation of the proposed authority will be filed with the Secretary of the Commonwealth of Pennsylvania. The publication of such notice as aforesaid shall be the only publication required, any law to the contrary notwithstanding.
(c) The Secretary of the Commonwealth shall forthwith, but not prior to the day specified in the aforesaid notice, and when all proper fees and charges have been paid, file the articles and issue a certificate of incorporation, a copy of which shall be delivered to the secretary. Upon the issuance of such certificate of incorporation by the Secretary of the Commonwealth, the corporate existence of said authority shall begin. Said certificate of incorporation shall be conclusive evidence of the fact that such authority has been incorporated.
(d) Each of the following elected officials of each of the following respective political subdivisions within the Commonwealth is hereby designated and empowered to approve the issuance of bonds to finance the cost of projects within or without each such political subdivision and to approve the acquisition of projects within each such political subdivision:
(6) With respect to any political subdivision which has adopted a charter under the act of April 13, 1972 (P.L. 184, No. 62), known as the “Home Rule Charter and Optional Plans Law,”1 the applicable representative designated and empowered to grant the approvals contemplated hereunder shall be the chief elected executive officer designated by the charter of such political subdivision, or, if there is no provision for such executive officer thereunder, the applicable representative shall be any member of the legislative body of such political subdivision designated by such body.
Credits
1967, Aug. 23, P.L. 251, § 4. Amended 1982, Dec. 16, P.L. 1363, No. 312, § 3, imd. effective; 1993, Dec. 17, P.L. 490, No. 74, § 5, imd. effective.
Footnotes
53 P.S. § 1-101 et seq. (repealed); see now, 53 Pa.C.S.A. § 2901 et seq.
73 P.S. § 374, PA ST 73 P.S. § 374
Current through 2023 Regular Session Act 1. Some statute sections may be more current, see credits for details.
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