Section 2. Powers of Hart County Industrial Building Authority

In addition to the powers now possessed by the Hart County Industrial Building Authority (hereinafter referred to as the "authority"), said authority is empowered and authorized to do any or all of the following:

(a) To extend credit or make secured or unsecured loans to any person, firm, corporation, or other industrial entity for the planning, design, construction, acquisition, or carrying out of any project involving the acquisition, construction, or equipping of any facility to be located within Hart County even though the facility is to be on lands in which the authority has no right, title, or interest upon a determination by the authority that the making of any such loan or the extension of any such credit will, in the judgment of the authority, encourage and promote the expansion and development of industry and commerce in Hart County, and will tend to increase employment opportunities within said county. The word "facility" as used herein shall mean and include any type of real or personal property or a combination thereof which is intended to be used in connection with the operation of an industrial or manufacturing plant or a commercial enterprise located in Hart County. Such loans or the extension of any such credit shall be secured by such terms and conditions as the authority shall determine to be reasonable;

(b) To issue its revenue bonds to provide funds with which to make any loan or loans authorized under the provisions of subsection (a) above; and

(c) To do all things necessary or convenient to carry out the powers expressly conferred by the act.