Subject to a public hearing under § 12–408 of this subtitle and to accomplish one or more of the legislative purposes listed in § 12–402 of this subtitle, the legislative body of a county or municipal corporation may adopt a local law to create a business improvement district in accordance with this subtitle. Subsection (a) of this section is self–executing and fully authorizes a county or municipal corporation to establish a district, notwithstanding any other statutory or charter provision. A local law adopted under subsection (a) of this section shall include: the name of the district corporation; that the district corporation is formed under this subtitle; the names, addresses, and terms of office of the initial members of the board of directors of the district corporation; the address of the principal office of the district corporation; the purposes for which the district is formed; the powers of the district, subject to the limitations on the powers of districts under this subtitle; and if applicable, articles of incorporation of the district corporation.