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City of Bellingham Municipal Code


Title 2 ADMINISTRATION
Chapter 84 INDUSTRIAL DEVELOPMENT CORPORATION

2.84.100 - OPERATION AS BUSINESS

The development corporation created by this chapter may not operate any industrial development facility as a business other than as a lessor, seller, or lender. The purchase and holding of mortgages, deeds of trust, or other security interests and contracting for any servicing thereof shall not be considered the operation of an industrial development facility.

[Ord. 9449 § 9, 1985]

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