(a) One (1) or more local governments may organize and establish an industrial development authority in the manner and for the accomplishment of the purposes specified in this chapter.
(b) (1) Each industrial development authority established under this chapter shall consist of and be governed by a board of directors.(2) The members of the board of directors of the industrial development authority shall be selected and shall serve as set forth in this chapter.
(1) Each industrial development authority established under this chapter shall consist of and be governed by a board of directors.
(2) The members of the board of directors of the industrial development authority shall be selected and shall serve as set forth in this chapter.