INDUSTRIAL DEVELOPMENT BOARD


Established and incorporated under the provisions of Sections 7-53-101 -
7-53-311 of the Tennessee Code Annotated.

Composition:  The Board of Directors consists of nine members appointed by
the City Council for six-year overlapping terms, three members being
elected every two years.  Officers of the Board are elected annually from
among the directors and consist of a chairman, vice-chairman, secretary and
treasurer.  Five directors constitute a quorum.

General Powers and Duties:  The powers and duties of the Board are
prescribed by the Industrial Development Corporation Act of Tennessee. 
These powers enable the Board to acquire, own, lease, and dispose of
properties to promote industry and to develop trade by attracting
manufacturing, industrial, and commercial enterprises to Oak Ridge.  Bonds
can be issued by the Board.  On December 12, 1988, City Council delegated
to the Industrial Development Board the authority to sell certain
City-owned industrial properties.

Meetings:  Meetings are held as required.