The purpose of the Corporation is to function as a public corporation pursuant to the provisions of the Act and the Ordinance, to issue tax exempt nonrecourse Revenue Bonds to finance Industrial Development Facilities within the boundaries of the County.
The financing of Industrial Development Facilities within the boundaries of the County is for the purpose of promoting higher employment; facilitating economic development; encouraging the development of new jobs; maintaining and supplementing the capital investments in industry that currently exist within the State; encouraging future employment by insuring future capital investment; attracting environmentally sound industry within the boundaries of the County and to the State; protecting and enhancing the quality of natural resources and the environment; and promoting the production and conservation of energy.
The objects and purposes specified in the foregoing clauses shall, except as otherwise expressed, be in no wise limited or restricted by reference to, or inference from, the terms of any other clause in this Charter but the objects and purposes specified in each of the foregoing clauses shall be regarded as independent objects and purposes.