[Ord. No. 15, 3-6-1967]
The economic development commission shall have those powers and duties conferred on it by state statute. The economic development commission shall consist of ten (10) members all of whom shall be appointed by the mayor. The members shall be appointed for terms of five (5) years provided that members of the commission first appointed shall be appointed as follows: Two (2) members for a term of one (1) year, two (2) members for a term of two (2) years, two (2) members for a term of three (3) years, two (2) members for a term of four (4) years, two (2) members for a term of five (5) years.