2.41.010   Declaration of necessity - Chico industrial development authority.
   It is hereby found, determined, and declared, pursuant to Section 91520 of the California Government Code, that there is a need for an industrial development authority in the city, and said authority is hereby established and authorized to transact business and exercise its powers under the provisions of the California Industrial Development Financing Act. Said authority shall be known as the “Chico industrial development authority.”
(Ord. 1469 (part))