[HISTORY: Adopted by the City Council of the City of Galax 2-12-1979. Amendments noted where applicable.]
An Industrial Development Authority of the City is hereby created a political subdivision of the state, with such public and corporate powers as are set forth in the Industrial Development and Revenue Bond Act, Chapter 33, Title 15.1, Code of Virginia, as amended, including such powers as may hereafter be set forth from time to time in such act.