INDUSTRIAL DEVELOPMENT CORPORATION OF

TO ATTRACT INDUSTRIAL AND RETAIL DEVELOPMENT AND TO CREATE OR RETAIN JOBS WITHIN THE CITY OF IOWA PARK, TEXAS, INCLUDING RENDERING FINANCIAL AND OTHER ASSISTANCE TO THE MANUFACTORING, INDUSTRIAL, BUSINESS, AND TRADE DEVELOPMENT IN THE CITY AND VICINITY; INDUCING THE LOCATION OF NEW SUCH BUSINESSES IN IOWA PARK AND VICINITY; PURCHASING, SUBDIVIDING, SELLING AND LEASING OF REAL PROPERTY IN THE CITY OF IOWA PARK OR ITS SUBURBS NOT EXTENDING MORE THAN TWO MILES BEYOND ITS CITY LIMITS; AND TO ACCUMULATE AND LEND MONEY FOR SAID PURPOSE.