[6-26-73]
(a)
The North Adams City Council declares that an industrial development
financing authority is needed in the City of North Adams, Massachusetts,
and that unemployment or the threat thereof exists in the City of
North Adams and that unemployment or the threat thereof can be alleviated
or the security against future unemployment and lack of business opportunity
can be provided by attracting new industry to the City or substantially
expanding industry existing in the City through an industrial development
project or projects financed under Massachusetts General Laws, Chapter
40D (Chapter 772 of the Acts of 1967), as amended. The City Council
determines that there is a need for such an authority, and, in making
this determination, the City Council has taken into consideration
the City's ability to adjust to any expected increase in the demand
for municipal facilities and services as a result of the expected
increase in employment and business activity from such industrial
development.
(b)
The City Clerk is hereby directed to file a certified copy of the
within ordinance, together with the names of the duly appointed and
qualified original directors with the State Industrial Finance Board,
the Department of Commerce and Development and the Secretary of State
of the Commonwealth of Massachusetts.
(c)
The City of North Adams respectfully requests a certificate of organization
which certificate shall be conclusive evidence of the lawful establishment
of the industrial development financing authority of the City of North
Adams and the directors thereof.
