Sec. 14. (a) A public transportation corporation is under the control of a board of directors, which shall exercise the executive and legislative powers of the corporation.

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Terms Used In Indiana Code 36-9-4-14

  • 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) Directors must be residents of the taxing district of the corporation.

[Pre-Local Government Recodification Citation: 19-5-2-11 part.]

As added by Acts 1981, P.L.309, SEC.77.

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