Economic Development Corporation
The semi-annual meetings of the participating members of the corporation shall be held sometime in the Fall and Spring on a day duly designated by the Board of Directors. New members are decided upon at the Fall meeting. The regular meetings of the Board of Directors shall meet at least quarterly on such dates as may be established by the Board of Directors.
The number of directors shall be not more than fifteen or less than five. The President, Vice President, Secretary, and Treasurer of the Corporation shall serve on the Board of Directors. The immediate past President shall serve as an ex-officio member of the Board of Directors. At large Directors shall be elected from among the Corporation's membership. At least two directors shall represent the Caroline County Association of Municipalities. Directors must be participating members in good standing.
Prior to the Fall meeting, the President shall appoint a Nominating Committee, which will decide upon a slate of directors to present to Commissioners for confirmation. The Commissioners reserve the right to nominate and elect 51% of the Board of Directors
Term of Office
The Directors of the Corporation shall serve for a period of three years subsequent to their election or until their successors are duly qualified. Each Director eligible for membership to the Board of Directors shall be eligible for re-election.
Charge / Authority
(FY12 Memorandum of Understanding between County Commissioners of Caroline County and Caroline Economic Development Corporation)
The purpose for which the Corporation is formed is to advance the economic development and prosperity of Caroline County by promoting and encouraging trade and commerce.