The Authority shall have the power to collect, hold, manage, control and use all funds appropriated and provided for it; to collect, hold, manage, control and use all proceeds, earnings and monies available from the sale, lease, rental, conveyance or other disposition of any property held or acquired; to construct, acquire by gift or purchase, reconstruct, improve or extend any industrial building within Woodford County, and to acquire by gift or purchase lands or rights in lands in connection therewith in the name of the Authority; to develop an industrial park or parks and to do or cause to be done all matters and things in connection therewith; to employ personnel, agents, engineers and consultants as the Authority shall deem necessary; and to cause to be sold, leased, rented, conveyed, transferred, assigned or donated any property acquired by the Authority and to exercise other powers and authority necessary to accomplish the purposes of this subchapter.
(Ord. 1-85, passed 3-12-1985; Am. Ord. passed 10-22-2004)