§7-12-11. Participation and appropriations authorized; transfers
and conveyances of property.
The governing body of a municipality and county commission are
hereby authorized and empowered to appoint members of the said
authority and the county commission and any municipality therein,
or any one or more of them, jointly and severally, are hereby
authorized and empowered to contribute by appropriation from their
respective general funds not otherwise appropriated to the cost of
the operation and projects of the authority.
The county commission of the county or municipal corporations
therein are hereby authorized and empowered to transfer and convey
to the said authority property of any kind acquired by said county
commission or municipal corporation for or adaptable to use in
industrial, economic and recreational development, such transfers
or conveyances to be without consideration or for such price and
upon such terms and conditions as the said county commission or
municipal corporation deems proper.