§ 2-417. Power and duties; report.

(a)

The County Attorney, upon designation of the initial trustees, shall prepare and file or cause to be prepared and filed with the appropriate bodies, articles of incorporation and such other documents as may be deemed necessary and appropriate in order that the Trust might be constituted a body corporate having perpetual existence.

(b)

Subject to modification by ordinance of the County governing body, if the same is deemed necessary and appropriate to effectuate the purposes of the Trust, the Trust shall have the following powers and duties:

(1)

To provide, through appropriate means, for the health and welfare of the poor, the sick, the aged, the handicapped and other needy individuals residing in Prince George's County.

(2)

To contract and be contracted with, to sue and be sued, to take, purchase or otherwise acquire any property, real or personal, of whatever kind and form, from whatever source, and to hold, lease, convey, assign, spend or otherwise dispose of such in whatever manner as the trustees in their discretion shall deem most appropriate for the benefit of the persons constituting the intended beneficiaries of the Trust.

(3)

To preserve the corpus of the Trust funds and to disburse the income earned with respect to such funds as are deemed appropriate to social care agencies serving the citizens of Prince George's County.

(4)

To manage and administer such funds or property as may be acquired by the Trust through budgetary allocation, donation or otherwise for the benefit of the poor, the sick, the aged, the handicapped and other needy residents of Prince George's County.

(5)

To apply all monies, assets, property or other things of value that may come into the Trust as an incident to its operation to the general purposes of the Trust.

(6)

To take any action necessary and proper to effectuate the powers and duties expressly conferred by this Division, including any and all actions required by State or federal law to establish and maintain a tax-exempt corporate status.

(7)

To adopt, subject to the terms of this Division, such rules as are necessary and proper for the regulation or government of the Trust, or to effectuate the purposes of the Trust.

(8)

To delegate any of the powers conferred in this Division to any one or more of the trustees.

(c)

The trustees shall report annually to the County Executive and County Council their activities during the preceding year together with any recommendations or request they deem appropriate to further the purposes of the Trust hereby created.

(CB-126-1982)