There is hereby created pursuant to Act 281 a Local Development Finance Authority for the City. The Authority shall be a public body corporate and shall be known and exercise its powers under title of the "LOCAL DEVELOPMENT 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 necessary to carry out the purpose of its incorporation as provided by this chapter and Act 281. The enumeration of a power in this chapter or in Act 281 shall not be construed as a limitation upon the general powers of the Authority.
(Res. 98-07. Passed 3-30-98.)