Except as provided in paragraph (3) of this subsection, the Annapolis Authority shall publish notice of each of its meetings in at least two newspapers of general circulation in the City of Annapolis at least 7 days before the meeting. The notice shall contain: the date, time, and place of the meeting; and a summary of the subject matter to be considered at the meeting. The Chair of the Annapolis Authority may waive the notice required under paragraph (1) of this subsection for an emergency meeting if: notice cannot reasonably be given; and minutes of the emergency meeting will be included in the minutes of the next open meeting of the Annapolis Authority. The Annapolis Authority may add an item to the agenda for the meeting after publication of the notice if the item is necessary to the business of the Annapolis Authority and could not reasonably have been placed on the agenda when the notice was published. The Annapolis Authority may meet in closed session or adjourn an open session and reconvene in a closed session only to: discuss the appointment, employment, assignment, promotion, discipline, demotion, removal, or resignation of appointees, employees, or officials over whom the Annapolis Authority has jurisdiction; consider the acquisition of real property for a public purpose and matters directly related to the acquisition; consult with counsel; consult with staff, consultants, or other individuals about pending or potential litigation; comply with a specific constitutional, statutory, or judicially imposed requirement that prevents public disclosures about a particular proceeding or matter; or satisfy an exceptional reason, if at least two–thirds of the Commissioners present vote to find that the reason is so compelling that it overrides the general public policy in favor of open sessions. The Annapolis Authority meeting in closed session under this section may not discuss or act on any matter not specified under paragraph (1) of this subsection.