There is hereby created, pursuant to Act 197 and Act 450, the Sebewaing Downtown Development Authority and Tax Increment Financing District. The Authority shall be a public body and shall be known and exercise its powers under title of “Sebewaing Downtown Development Authority”. 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 herein and in Act 197 and Act 450. The enumeration of a power herein or in Act 197 and Act 450 shall not be construed as a limitation upon the general powers of the Authority.
(Ord. passed 11-19-2012)