(a) Direct loans may be made by a central business improvement district to property owners, including lessees of the property owners, within the district on such terms and conditions, and with such security for repayment, as the commissioners shall deem necessary and desirable.
(b) Loans may be evidenced by promissory notes, debentures, or other evidence of indebtedness, and may be secured by mortgages, security interests in personal property, guarantees, or such other security as the commissioners shall require in their sole discretion.
Section: Previous 14-184-202 14-184-203 14-184-204 14-184-205 14-184-206 14-184-207 14-184-208 14-184-209 14-184-210 14-184-211 14-184-212 14-184-213 14-184-214 14-184-215 NextLast modified: November 15, 2016