Appointment of initial board of directors

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.

(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.