[Ord. #87-11, S1]
This Chapter may be cited as the "Firebaugh Industrial Development
Authority Law".
[Ord. #87-11, S1]
It is hereby found and declared, pursuant to Section 91520 of
the California Industrial Development Act (hereinafter, the "Act"),
that there is a need for the industrial development authority of the
city of Firebaugh created by said Section 91520 and that such authority
shall function in the city, and said authority is hereby authorized
to transact business and to exercise all powers permitted by law.
The authority established in the city by the Act and authorized to
transact business and exercise its powers thereunder by this article
shall be known as the "Industrial Development Authority of the City
of Firebaugh".
[Ord. #87-11, S1]
The council hereby 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 the council as such
a board.
