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AN ORDINANCE CHANGING THE NAME OF THE INDUSTRIAL <br />DEVELOPMENT AUTHORITY OF THE CITY OF PORTSMOUTH, VIRGINIA <br />TO THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF <br />PORTSMOUTH, VIRGINIA. <br /> <br /> WHEREAS, Section 15.2-4903 of the Code of Virginia (1950) provided for the <br />establishment of the Industrial Development Authority of the City of Portsmouth, <br />Virginia (IDA); and <br /> <br /> WHEREAS, Section 15.2-4903 has been amended to authorize the City Council <br />to change the IDA's name to the Economic Development Authority of the City of <br />Portsmouth, Virginia. <br /> <br /> NOW THEREFORE BE IT ORDAINED by the Council of the City of <br />Portsmouth, Virginia that the name of the Industrial Authority of the City of Portsmouth, <br />Virginia be, and hereby is, changed to the "Economic Development Authority of the City <br />of Portsmouth, Virginia," the City Clerk is directed to forward a copy of this Ordinance <br />to the Chairman of the Economic Development Authority of the City of Portsmouth, <br />Virginia. <br /> <br />This ordinance shall take effect on the date of its adoption. <br /> <br /> ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held <br />on July 13, 2004. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />