68.020. Purpose of port authority. — It shall be the purposes of every port authority to promote the general welfare, to promote development within the port district, to encourage private capital investment by fostering the creation of industrial facilities and industrial parks within the port district and to endeavor to increase the volume of commerce, and to promote the establishment of a foreign trade zone within the port districts.
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(L. 1974 H.B. 1646 § 3, A.L. 1979 H.B. 102, A.L. 2005 S.B. 156)
(1980) The Port Authority Law serves a public purpose, and any aid provided to private corporations is merely incidental to such purpose, and thus does not violate Art. VI, Sections 23 and 25, in that it is an expenditure of public funds for a public purpose. State ex rel. Wagner v. St. Louis County Port Authority (Mo.), 604 S.W.2d 592.
---- end of effective 28 Aug 2005 ----
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