Section 922-E. Village of Wayland industrial development agency

For the
  benefit of the Village  of  Wayland  and  the  inhabitants  thereof,  an
  industrial  development  agency,  to  be known as the VILLAGE OF WAYLAND
  INDUSTRIAL  DEVELOPMENT  AGENCY,   is   hereby   established   for   the
  accomplishment  of  any or all of the purposes specified in title one of
  article eighteen-A  of  this  chapter.    It  shall  constitute  a  body
  corporate  and politic, and be perpetual in duration.  It shall have the
  powers and duties now or hereafter conferred by  title  one  of  article
  eighteen-A  of  this  chapter  upon  industrial development agencies and
  provided that the exercise of the powers by such agency with respect  to
  the  acquisition  of  real property whether by purchase, condemnation or
  otherwise, shall be limited to the corporate limits of  the  village  of
  Wayland  and that part of the town of Wayland which is two thousand feet
  east, six hundred feet south and continguous to said village,  and  such
  agency  shall  take  into  consideration  the  local zoning and planning
  regulations as well as the regional and  local  comprehensive  land  use
  plans.    It shall be organized in a manner prescribed by and be subject
  to the provisions of title one of article eighteen-A  of  this  chapter.
  Its  members  shall be appointed by the governing body of the Village of
  Wayland. The  agency,  its  members,  officers  and  employees  and  its
  operations  and  activities  shall  in  all  respects be governed by the
  provisions of title one of article eighteen-A of this chapter.
    In addition to the powers and duties now and hereafter conferred  upon
  industrial  development  agencies pursuant to article eighteen-A of this
  chapter, the agency shall have the power to acquire, own,  rent,  lease,
  convey  or  otherwise  dispose  of  any  interests  in  real property or
  improvements therein, including, without limitation, streets and  roads,
  sewers,  storm  drains,  lighting, sidewalks and necessary appurtenances
  thereto, which in the judgment of the agency will  serve  to  permit  or
  make  possible  the  construction  of residential housing units or other
  facilities which will promote and maintain sound commerce  and  industry
  and  the  agency  shall  be  authorized  to  issue  bonds  or  notes  in
  furtherance of these powers.