CHAPTER 273
FORMERLY
SENATE BILL NO. 212
AS AMENDED BY SENATE AMENDMENT NO. 1
AN ACT TO AMEND CHAPTER 5, TITLE 22 OF THE DELAWARE CODE RELATING TO PARKING AUTHORITIES.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Two-thirds of all members elected to each House thereof concurring therein):
Section 1. Amend §502, Title 22, Delaware Code by adding a new subsection (12) as follows:
"(12) 'Business Owner' means any individual, general partner, or
owner of 50% or more of the voting stock of a corporation which has a business location within the city and which has a business license under the city business license ordinance or has a state business license in cities without licensing ordinance which lists the location of said business within the city."
Section 2. Amend §507(a), Title 22, Delaware Code by striking the first sentence of said subsection which reads as follows:
The powers of each authority shall be exercised by a board composed of five (5) members, all of whom shall be residents of the city creating the authority." and substituting in lieu thereof the following:
"The powers of each authority shall be exercised by a board composed of not less than five (5) nor more than seven (7) members, all of whom shall be residents or business owners within the city creating the authority. In municipalities with population greater than 50,000, however, the powers of each authority shall be exercised by a board composed of five (5) members, all of whom shall be'residents of the city creating the authority."
Section 3. Amend §507(a), Title 22, Delaware Code by inserting a new
sentence between the second and third sentences thereof, to read as follows:
If the board is composed of six (6) members, initially two (2) rather than one (1) shall be appointed for 2 year terms and if the board is composed of seven (7) members, initially two (2) rather than one (1) shall be appointed for both 2 year terms and 3 year terms."
Section 4. Amend §507(c), Title 22, Delaware Code by deleting the sentence "Three members of the board shall constitute a quorum for its meetings" and by substituting in lieu thereof the sentence "A majority of the total board membership shall constitute a quorum for its meetings".
Section 5. Amend §503(d), Title 22, Delaware Code by adding a new sentence at the end thereof as follows:
"Any change in the numerical composition of the board shall likewise be certified to the Secretary of State within 10 days after such change."
Approved June 25, 1992.