There is hereby established, pursuant to Act 450, Public Acts of Michigan, 1980, a Tax Increment Finance Authority for the City. The Authority shall be a public body corporate and shall be known and exercise its powers under the title of Tax Increment Finance Authority of the City of Howell. The Authority may adopt a seal, may sue and be sued in any court of this State and shall possess all of the powers provided by law, including all powers necessary to carry out the purpose of its incorporation as provided by this chapter and Act 450, subject to the limitations imposed by law and herein. The enumeration of a power in this chapter or in Act 450 shall not be construed as a limitation upon the general powers of the Authority.
(Res. 85-19. Passed 7-8-85.)