BYLAWSOFBRUNSWICK DEVELOPMENT CORPORATIONADOPTED: February 22, 1995Amended: March 10, 2010ARTICLE IGENERALSection 1.1. Name.
The name of the corporation shall be the Brunswick Development Corporation
Section 1.2. Location of Corporation.
The corporation shall have its principal place of business at Brunswick, Maine.
Section 1.3. Purposes.
The corporation is organized and shall be operated on anonprofit basis to foster, encourage, assist, support, and promote the development,establishment, settlement, or resettlement within the Town of Brunswick, Maine, of industrial, manufacturing, fishing, agricultural, recreational, or other business enterprises.The Corporation shall constitute a "local development corporation" pursuant to 5M.R.S.A. §13081(6).
ARTICLE IIBOARD OF DIRECTORS
Section 2.1. Management by Board.
The affairs of the corporation shall bemanaged by its Board of Directors, which may exercise all powers of the corporation and do all lawful acts and things necessary or appropriate to carry out the purposes of thecorporation.
Section 2.2. Number of Directors.
The number of directors shall not be lessthan three (3) not more than seven (7) and shall be fixed by the directors at the annual