Article III. AMENDMENT—FEBRUARY 24, 2012


§ 1. [Name designated.]
§ 2. [Contracts, obligations, etc., continued; directors and officers.]
§ 3. [Certification; request for seal.]
§ 4. [Effective date.]

An Ordinance Changing the Name of the Industrial Development Authority of the City of Salem, Virginia, to the Economic Development Authority of the City of Salem, Virginia.

WHEREAS, by ordinance duly adopted by the Council of the City of Salem, Virginia, on March 9, 1967, there was created as a body politic the Industrial Development Authority of the Town of Salem, Virginia; and

WHEREAS, by resolution duly adopted by the Council of the City of Salem, Virginia, on February 26, 1968, the name was hereby changed from the Industrial Development Authority of the Town of Salem, Virginia, to the Industrial Development Authority of the City of Salem, Virginia; and

WHEREAS, the Council of the City of Salem is desirous of changing the name of the "Industrial Development Authority of the City of Salem, Virginia" to the "Economic Development Authority of the City of Salem, Virginia."

NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF SALEM, VIRGINIA, THAT: