Sec. 8. (a) The board is composed of three (3) members, who must be residents of the unit appointed by the executive of the unit.
(b) A member is entitled to serve a three (3) year term. A member may be reappointed to subsequent terms.
(c) If a vacancy occurs on the board, the executive of the unit shall fill the vacancy by appointing a new member for the remainder of the vacated term.
(d) A board member may be removed for cause by the executive of the unit.
(e) Each member, before entering upon the duties of office, must take and subscribe an oath of office under IC 5-4-1, which shall be endorsed upon the certificate of appointment and filed with the records of the board.
(f) A member may not receive a salary, and no profit or money of the authority inures to the benefit of a member.
As added by P.L.380-1987(ss), SEC.18.
Structure Indiana Code
Article 7. Planning and Development
Chapter 14.5. Redevelopment Authority
36-7-14.5-1. Application of Chapter
36-7-14.5-2. "Authority" Defined
36-7-14.5-5. "Commission" Defined
36-7-14.5-6. "Local Public Improvement" Defined
36-7-14.5-7. Creation of Redevelopment Authority; Subject to Laws of General Nature
36-7-14.5-9. Annual Meeting; Election of Officers; Special Meetings; Quorum; Reports
36-7-14.5-9.5. Electronic Meetings
36-7-14.5-11. Purposes of Authority; Prohibitions
36-7-14.5-12. Powers and Duties of Authority; Dissolution of Authority
36-7-14.5-12.3. Powers That May Be Exercised by County Executive
36-7-14.5-13. Refunding Bonds; Fiscal Body Approval
36-7-14.5-15. Legal Authority for Lease Agreements
36-7-14.5-17. Easement or License Agreements Between Authority and Commission; Recordation
36-7-14.5-18. Lease or Sale of Property From Commission to Authority; Fiscal Body Approval
36-7-14.5-19. Bonds; Procedures; Legislative Body Approval; Use of Revenue
36-7-14.5-20. Authority for Issuance of Bonds; Legal Investment Status of Bonds
36-7-14.5-21. Trust Indenture Securing Bonds; Fiscal Body Approval
36-7-14.5-22. Issuance of Bonds; Option to Purchase Leased Property; Legislative Body Approval
36-7-14.5-23. Tax-Exempt Status of Authority Property and Bonds