[Ord. No. 3166 §§1 —
3, 2-7-1994]
A. Findings And Determinations. The City Council of the City
of De Soto, Missouri, hereby finds and determines that it is wise,
expedient, necessary and advisable that an industrial development
corporation be formed in the City under the name of "The Industrial
Development Authority of the City of De Soto, Missouri" (the "Authority").
B. Approval Of Application And Authorization To Form The Authority. The application is hereby approved and the applicants are hereby
granted permission and authorized to proceed to form and organize
the Authority for the purpose of developing commercial, industrial,
agricultural and manufacturing facilities pursuant to the provisions
of the Industrial Development Corporations Act.
C. Approval Of Articles. The form of Articles of Incorporation
proposed to be used in organizing the Authority are hereby approved,
and the applicants are hereby authorized and directed to execute,
acknowledge and file said Articles of Incorporation with the Secretary
of the State of Missouri on the form provided.