The district, is created for the following purposes:

            (1) Improving the water quality of and beautifying Bayou Vermilion in the parish of Lafayette in an effort to promote the bayou as a recreational and cultural asset.

            (2) Creating and controlling a new type of viable economic development adjacent to Bayou Vermilion so as to provide a diversified economic base for the city and parish of Lafayette.

            (3) Doing any and all other acts which would enhance the general condition of Bayou Vermilion.

            Acts 1984, No. 161, §1; Acts 2015, No. 442, §1.