§ 2-509. Declaration of need; purpose; activation; director; organization.

(a)

Declaration of need; purpose. There is hereby determined and declared to be a pressing, existing and future need for a development authority, as more fully described and defined in the Development Authorities Law(O.C.G.A. § 36-62-1 et seq.), to function in the City for the purpose of developing and promoting for the public good and general welfare, trade, commerce, industry and employment opportunities in said City thereby promoting the general welfare to the citizenry.

(b)

Activation. There is hereby activated in the City the public body corporate and politic known as the "Development Authority of Hinesville" which was created upon the adoption and approval of the Development Authorities Law (O.C.G.A. § 36-62-1 et seq.) and particularly O.C.G.A. § 36-62-4.

(c)

Directors. There are hereby elected seven members of the first Board of Directors of the Development Authority the named persons, each of whom is a taxpayer of the City and none of whom is an officer or employee of the City; to serve for staggered terms of four years. If at the end of any term of office of any Director, a successor thereto shall not have been elected, then the Director whose term of office shall have expired shall continue to hold office until his successor shall be so elected.

(d)

Organization. The Board of Directors shall organize itself, carry out its duties and responsibilities and exercise its powers and prerogatives in accordance with the terms and provisions of the Development Authorities Law (O.C.G.A. § 36-62-1 et seq.) as it now exists and as it might hereafter be amended or modified.

(Code 1978, § 2-273)