(A) To construct, acquire by gift, purchase or lease, to reconstruct, improve, better or extend, and to finance one or more projects, whether or not now or hereafter in existence, within or without the municipality, or partially within or partially without the municipality, but in no event farther than ten miles from any territorial boundary of the municipality. If desirable, the municipality may acquire by gift, purchase or lease lands or rights in land in connection with any project.
(B) To issue its revenue bonds to defray in whole or in part the project costs of any project and to designate an appropriate name for the bonds.
(C) To rent, lease or sell any project to any person in such manner that payments to be received with respect to the project shall produce revenues and receipts sufficient to provide for the prompt payment at maturity of principal, interest and redemption premiums, if any, on all bonds issued to finance the cost of the project.
(E) To mortgage such project in favor of the holder or holders of bonds issued therefor.
(F) To sell and convey such project, including without limitation the sale and conveyance thereof subject to a mortgage, if any, as provided in §§ 36.55 through 36.65, for such price and at such time as the governing body of the municipality may determine. However, no sale or conveyance of such project shall ever be made in such manner as to impair the rights or interests of the holder or holders of any bonds issued to finance the project costs of such project.
(H) To make secured or unsecured loans to any person for the purpose of financing or refinancing the construction, reconstruction, acquisition, improvement, betterment or extension of one or more projects, whether now or hereafter in existence, within or without the municipality as provided in (A) above, to charge and collect on such loans principal, premium, if any, and interest payments sufficient to provide for the payment of principal, premium, if any, and interest on any bonds issued to make such loans and to pledge any loan agreements and the proceeds therefrom as security for the payment of the principal, premium, if any, and interest of any bonds issued to make such loans. It shall not be necessary for the municipality to own or acquire any project or part thereof financed hereunder. If any property is acquired by the municipality pursuant to the provisions of §§ 36.55 through 36.65, the property shall be exempt from the imposition and collection of taxes thereon while owned by the municipality, but the use of the property is subject to taxation to be paid by the lessee or occupant as provided in Section 26 of the Revenue Act of 1939 filed May 17, 1939, or as may hereafter be amended.
(Ord. 6067, passed 11-20-73; Am. Ord. 6406, passed 12-14-76)