[CC 2001 §130.170; Ord. No. 1009 §§1 — 4, 4-14-1994]
A. 
Creation. There is hereby created a commission to be known as the "Tax Increment Financing Commission of the City of Edmundson, Missouri" (the "Commission").
B. 
Composition. The Commission shall consist of nine (9) members, six (6) of whom shall be appointed by the Mayor with the consent of the majority of the Board of Aldermen, as provided in the Act.
C. 
Membership. The terms of the members of the Commission shall be four (4) years, except that two (2) members shall initially be designated to serve for terms of two (2) years, two (2) members shall initially be designated to serve for terms of three (3) years, and two (2) members shall initially be designated to serve for terms of four (4) years.
D. 
Powers. The Board of Aldermen hereby authorizes and approves the exercise by the Commission of all the powers delegable to the Commission under the Act.