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DEVELOPMENT CREDIT v. McKEAN

[No. 327, September Term, 1967.]

248 Md. 572 (1968)

237 A.2d 742

DEVELOPMENT CREDIT CORPORATION OF MARYLAND, ET AL. v. McKEAN

Court of Appeals of Maryland.

Decided February 6, 1968.

Attorney(s) appearing for the Case

J. Cookman Boyd, Jr., with whom was Stanford D. Hess on the brief, for appellant, Development Credit Corporation of Maryland.

Edward L. Blanton, Jr., Asst. Attorney General, with whom was Francis B. Burch, Attorney General, on the brief, for appellants, J. Millard Tawes, et al.

W. Hamilton Whiteford, with whom was Paul F. Due on the brief, for appellee.

The cause was argued before HAMMOND, C.J., and BARNES, McWILLIAMS, FINAN and SINGLEY, JJ.

SINGLEY, J., delivered the opinion of the Court.

Development Credit Corporation of Maryland (Development Credit) was created by ch. 822 of the Acts of 1959 (Maryland Code, 1966 Repl. Vol., Art. 23, §§ 412-429) for the purposes of developing and advancing the "business prosperity and economic welfare of the State; to encourage and assist in the location of new business and industry in the State and to rehabilitate existing business and industry * * *" and...

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