§§ 2-115 – 2-119 RESERVED.

ARTICLE XVII. ECONOMIC DEVELOPMENT CORPORATION

§ 2-120 APPROVAL OF APPLICATION OF CERTAIN INDIVIDUALS TO INCORPORATE.

   The application of Thomas Kay, Leo A. Greene and George Whyel to incorporate an Economic Development Corporation of the City of Flint, and the articles of incorporation attached thereto, are hereby approved.

(Ord. 2580, passed 1-10-1977; Ord. 2646, passed 6-12-1978)

§ 2-121 COPY OF ARTICLES TO BE FILED WITH SECRETARY OF STATE.

   Upon this ordinance taking effect, the City Clerk is hereby directed to file a copy of this ordinance with the Secretary of State of the State of Michigan.

(Ord. 2580, passed 1-10-1977; Ord. 2646, passed 6-12-1978)

§ 2-122 APPLICANTS TO PROCEED TO INCORPORATE UPON FILING.

   That upon the filing as provided for in § 2-121 hereof the applicants named in § 2-120 above shall proceed to incorporate the Economic Development Corporation of the City of Flint as a public corporation pursuant to Act 338 of the Public Acts of 1974, as amended.

(Ord. 2580, passed 1-10-1977; Ord. 2646, passed 6-12-1978)

Statutory reference:

   Economic Development Corporations Act, see MCLA 125.1601 et seq.

§ 2-123 ARTICLE VOID IF INCORPORATION NOT ACCOMPLISHED WITHIN 90 DAYS AFTER EFFECTIVE DATE.

   In the event the incorporation as provided for in § 2-122 above does not take place within ninety (90) days after the effective date of this ordinance, then and in that event, this ordinance shall be void and of no force and effect.

(Ord. 2580, passed 1-10-1977; Ord. 2646, passed 6-12-1978)

§ 2-124 RESERVED.

ARTICLE XVIII. DOWNTOWN DEVELOPMENT AUTHORITY

§ 2-125 AUTHORITY ESTABLISHED.

   That pursuant to Act 197 of the Public Acts of 1975, as amended, a Downtown Development Authority is herewith established.

(Ord. 2581, passed 1-10-1977)

Statutory reference:

   Downtown Development Authority, see MCLA 125.1651 through 125.1657 and 125.1659 through 125.1680