As provided in the Act, the authority shall be a nonprofit corporation, and no part
of its net earnings remaining after payment of its expenses, bonds or other obligations
shall ever inure to the benefit of any individual, firm or corporation, except that
in the event sufficient provision has been made for the full payment of the expenses,
bonds and other obligations of the authority, then any net earnings of the authority
thereafter accruing shall be paid to the city.
(Ord. No. 4354, § 5, 3-1-84)
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