Article III of the Authority’s Articles establishes the purposes for which the Authority was formed. Section 5 of that Article authorizes the Authority to do any and all things provided by Arizona statute. Similarly, Section 15 was added in the First Amendment to the Articles to authorize the Authority to “do all other things permitted under Arizona law.” The Authority has very broad and non specific objectives:
1. To acquire, own, construct, lease, sell and dispose of all kinds of properties;
2. To promote industry and develop trade by inducing manufacturing, industrial and commercial enterprises to locate and remain in Casa Grande;
3. To stimulate and encourage the production, development and use of the agricultural products and natural resources of Casa Grande;
4. To assist, financially and otherwise, in the rehabilitation, expansion and development of all kinds of business and industries in Casa Grande, which will reduce pollution, promote and assure job opportunities and promote and assure an improved standard of living and an increase in prosperity and health.