It is the purpose of §§ 36.55 through 36.65 to provide a financing device which will aid in financing the cost of projects in order to relieve conditions of unemployment, and to encourage the increase of industry within the municipality, thereby reducing the evils attendant on unemployment and to provide for the increased welfare and prosperity of the residents of the municipality. It is further determined and declared to be the purpose of §§ 36.55 through 36.65 to provide a financing device which will aid in financing the cost of pollution control facilities in order to eliminate, abate or reduce the serious dangers to the public health and welfare caused by environmental pollution. These are public purposes and functions pertaining to the government and affairs of the municipality.
(Ord. 6067, passed 11-20-73)