272.03 ESTABLISHMENT OF AUTHORITY; POWERS.
   There is hereby established, pursuant to Act 197, a Downtown Development Authority in and for the City. The Authority shall be a public body corporate and shall be known and exercise its powers under the title of "Downtown Development Authority of the City of Wayne." The Authority may adopt a seal, may sue and be sued in any court of the State, shall possess all of the powers necessary to carry out the purpose of its incorporation, as provided in this chapter and Act 197, and shall have all powers provided by law, subject to the limitations imposed by law and herein. The enumeration of a power in this chapter or in Act 197 shall not be construed as a limitation upon the general powers of the Authority.
(Ord. 56. Passed 2-9-81.)