276.54   CORPORATION EXEMPT FROM TAXATION.
   The Clinton Township Economic Development Corporation shall be exempt from all taxation on its earnings or property. The Township of Clinton, by resolution adopted by its Clinton Township Board of Trustees, may exempt the project from all ad valorem taxation if the project is owned by the Clinton Township Economic Development Corporation or the Corporation has a controlling interest in the project.
(Ord. 254. Passed 3-27-78.)