Chapter 2.50
INDUSTRIAL DEVELOPMENT AUTHORITY
Sections:
2.50.020 Creation and purpose.
2.50.030 City council to act as board of directors.
2.50.010 Finding.
In accordance with the California Industrial Development Financing Act (Title 10, commencing with Section 91500 of the Government Code of the State of California) (the “Act”), this city council hereby finds and declares that there is a need for an industrial development authority to function in the city of Willows. [Ord. 575-81, 9-8-81. Prior code § 2-200].
2.50.020 Creation and purpose.
This city council hereby declares that an industrial development authority shall function in the city of Willows, in accomplishment of the purposes provided in the Act, to carry out and complete projects and perform and exercise derivative obligations and powers as set forth in the Act. [Ord. 575-81, 9-8-81. Prior code § 2-201].
2.50.030 City council to act as board of directors.
This city council hereby further declares itself to be the board of directors of such industrial development authority, and all the rights, powers, privileges, duties, liabilities, disabilities, and immunities vested in such a board under the Act shall be vested in this city council as such board. [Ord. 575-81, 9-8-81. Prior code § 2-202].
2.50.040 Name.
The authority established in the city of Willows by the Act and authorized to transact business and exercise its powers thereunder by this chapter shall be known as the industrial development authority of the city of Willows. [Ord. 575-81, 9-8-81. Prior code § 2-203].