Indiana Code 8-18-20-4. Establishment; name; municipal corporation
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Sec. 4. (a) A county may establish a separate municipal corporation to be known as the “______________ County Toll Road Authority” (including the name of the county seat and county) for the purposes of:
(2) financing, constructing, reconstructing, and operating county toll roads.
(1) acquiring land; and
Terms Used In Indiana Code 8-18-20-4
- 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.
- toll road: includes :
Indiana Code 8-18-20-3
(b) Any two (2) or more counties, acting under IC 36-1-7, may establish a municipal corporation under subsection (a).
As added by P.L.386-1987(ss), SEC.20.