A. 
The city council finds and declares that there is a need for an industrial development authority to function in the city.
B. 
The city council 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 shall be vested in this city council as such board.
(Ord. 38 §§ 1, 2, 1985)
A. 
The declarations in this chapter are made in accordance with the California Industrial Development Financing Act (Title 10, commencing with Section 91500, of the Government Code).
B. 
The authority established in the city by said 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."
(Ord. 38 §§ 3, 4, 1985)