Except as specifically otherwise provided in this subchapter, the Authority shall have all powers provided by law subject to the limitations improved by law and herein. The Authority shall have the power to levy ad valorem taxes on the real and tangible personal property not exempt by law, and as finally equalized in the downtown district at the rate of not more than two mills each year if the City Council annually approves the levy thereof by the Authority.
(‘83 Code, § 33.113) (Ord. 81-003, passed 2-18-81)