The Clinton Township Economic Development Corporation may finance all or a part of its project by the issuance of revenue bonds or notes, the interest on which shall be exempt from all taxation except estate and transfer taxes. The Township of Clinton shall not be liable for any obligation whatever undertaken by the Corporation. The bonds and notes of the Corporation may be invested in by all public officers, State agencies and political subdivisions, insurance companies, banks, investment companies, and fiduciaries and trustees, and may be deposited with and received by all public officers and the agencies and political subdivisions of this State for any purpose for which the deposit of bonds is authorized.
(Ord. 254. Passed 3-27-78.)