Sec. 1. (a) Within twenty (20) days after an order establishing a district, the board of commissioners of the county shall appoint the initial board of directors. A director shall be appointed for each of the areas in the district established by the court.

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Terms Used In Indiana Code 14-33-5-1

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
     (b) A director must have the following qualifications:

(1) Be:

(A) a freeholder of the area of the district for which appointed; or

(B) an officer or a nominee of a corporate freeholder of the area of the district for which appointed.

(2) Be qualified by knowledge and experience in matters pertaining to the development of the district.

     (c) A majority of the directors must be:

(1) resident freeholders of the district if available and qualified; and

(2) petitioners for the establishment of the district. For this purpose an officer or a nominee of a corporate freeholder of the district, if the corporation is a petitioner, is considered a petitioner.

[Pre-1995 Recodification Citation: 13-3-3-34(a).]

As added by P.L.1-1995, SEC.26.

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