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ORDINANCE NO. 0;W J. <br /> AN ORDINANCE of the City of Everett authorizing and <br /> providing for the establishment, organization and <br /> operation of a public corporation to implement <br /> Chapter 39. 84 RCW, approving a charter for such <br /> corporation, specifying the powers , authority and <br /> limitations of the public corporation and providing <br /> for control and supervision of the public corpora- <br /> tion by the City. <br /> WHEREAS, the legislature of the State, of Washington has <br /> provided for the creation of public corporations by cities of the <br /> State of Washington, pursuant to Chapter 300 , Laws of Washington, <br /> 1981 (Reg. Sess. ) , codified as Chapter 39 . 84 RCW (the "Act") for <br /> the purpose of facilitating economic development and employment <br /> opportunities in the State of Washington through financing by such <br /> public corporations of the project costs of industrial development <br /> facilities; and <br /> WHEREAS, the City of Everett desires to avail itself of the <br /> authority contained in the Act by creating a public corporation <br /> for the purposes as stated therein; NOW, THEREFORE, <br /> NOW, THEREFORE, the City of Everett does ordain: <br /> Section 1 . The City of Everett (the "City" ) does hereby <br /> create a public corporation to carry out the objects and purposes <br /> of Chapter 300 , Laws of Washington, 1981 (Reg. Sess. ) , codified as <br /> Chapter 39. 84 RCW, as that law may from time to time hereinafter <br /> be amended (hereinafter the "Act" ) . Such objects and purposes <br /> shall not be limited or restricted by reference to or inference <br /> from the terms of any other section of this ordinance unless , and <br /> only to the extent, specifically set forth herein, but the pur- <br />