The purpose of this corporation is to encourage economic development within the City of Bath by acquiring by purchase, grant, lease mortgage, assignments or any other method, real and personal property of all kinds. The Corporation is also charged with providing financial support, when possible, through revolving loan funds and other available financing sources. Additional intent of the Corporation is to allow all non-profit activity as permitted under Title 13-B of the Maine Revised Statutes.
Meets as needed. Terms are indefinite. Appointments made by the City Council.