Parking Facilities Corporation

THE SPECIFIC AND PRIMARY PURPOSE FOR WHICH THIS CORPORATION WAS FORMED IS TO DESIGN, FINANCE, CONSTRUCT, EQUIP, MAINTAIN, AND OPERATE, OR CAUSE TO BE MAINTAINED AND OPERATED, ONE OR MORE PARKING GARAGE FACILITIES AT THE AIRPORT TO BE USED BY THE TRAVELING PUBLIC AT THE LOUIS ARMSTRONG INTERNATIONAL AIRPORT AND BY THE EMPLOYEES OF THE NEW ORLEANS AVIATION BOARD.