Title
Amending the Articles of Incorporation of the Frankford Special Services District of Philadelphia, a Municipal Authority, by changing the number of board members of the Authority, naming board members to the Authority and providing for their terms of office, pursuant to the provisions of the "Municipality Authorities Act of 1945," P.L. 382, as amended, all under certain terms and conditions.
Body
WHEREAS, Bill No. 940683 (Bill No.1000), approved May 27, 1995, authorized the City of Philadelphia to organize an Authority known as the "Frankford Special Services District of Philadelphia" (the "Authority") pursuant to the provisions of the Municipality Authorities Act of 1945, P.L.382, as amended, (the "Act"); and
WHEREAS, The Authority was created for a term of five (5) years, as set forth in its Articles of Incorporation, approved by Bill No.1000; and
WHEREAS, Bill No. 000541, approved December 19, 2000, adopted an amendment to the Articles of Incorporation extending the term of the Authority to December 31, 2005; and
WHEREAS, On December 31, 2005, the term of the Authority expired; and
WHEREAS, Bill No. 060957, approved April 12, 2007, authorized and directed the City Solicitor to file a Municipal Statement of Revival with the Secretary of the Commonwealth, in order to revive the Authority retroactively in accordance with the Act; and
WHEREAS, The City Solicitor has filed the Municipal Statement of Revival with the Secretary of the Commonwealth; and
WHEREAS, The Authority has proposed and City Council desires the following: to change the number of board members of the Authority from thirteen (13) to nine (9) members and to name board members to the Revived Authority and provide for their terms of office by filing an amendment to the Articles of Incorporation; now, therefore
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. City Council hereby adopts the following amendment to the Articles of Incorporatio...
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