(A) The Economic Development Corporation is organized upon a non-stock basis. The amount of assets which said Corporation possesses.
(1) Real property: None.
(2) Personal property: None.
(B) The Corporation will be financed from donations, gifts, grants and devises, either solicited or unsolicited, obtained from public authorities, individuals, corporations and other organizations, by earnings from its activities, borrowings and issuance of revenue bonds.
(‘68 Code, § 2-1405) (Ord. 517, passed 7-18-77)