(a) The governing body of each local government desiring to organize an industrial development authority under this chapter shall declare its intention to do so by ordinance if the local government is a municipality or by order if the local government is a county.
(b) (1) An ordinance shall authorize and direct the mayor of the municipality issuing the ordinance and an order shall authorize and direct the county judge of the county issuing the order to prepare, or cause to be prepared, and to sign and file with the circuit clerk of any county that is to be a party to the organization of an industrial development authority under this chapter a petition requesting the circuit court of the county where the petition is filed to establish an industrial development authority under this chapter.(2) The petition shall at least contain the following information:(A) The identity of the local governments desiring to organize the industrial development authority;(B) (i) The population of each petitioning local government.(ii) The population of a petitioning county is the population of the county exclusive of the population of each petitioning municipality in the county, according to the most recent federal decennial census;(C) The official name desired by the petitioners for the industrial development authority to be established;(D) The total number of the members of the board of directors of the industrial development authority desired by the petitioners, subject to the conditions pertaining thereto specified in this chapter;(E) The number of the members of the board of directors of the industrial development authority that shall represent each petitioning local government, determined in accordance with the conditions specified in this chapter; and(F) A request that the circuit court enter an order designating the total number of the members of the board of directors of the industrial development authority, designating the number that shall represent each petitioning local government, and establishing an industrial development authority under this chapter as a public agency of the petitioning local government, but with the powers set forth in this chapter, which need not be enumerated in the order.
(1) An ordinance shall authorize and direct the mayor of the municipality issuing the ordinance and an order shall authorize and direct the county judge of the county issuing the order to prepare, or cause to be prepared, and to sign and file with the circuit clerk of any county that is to be a party to the organization of an industrial development authority under this chapter a petition requesting the circuit court of the county where the petition is filed to establish an industrial development authority under this chapter.
(2) The petition shall at least contain the following information:(A) The identity of the local governments desiring to organize the industrial development authority;(B) (i) The population of each petitioning local government.(ii) The population of a petitioning county is the population of the county exclusive of the population of each petitioning municipality in the county, according to the most recent federal decennial census;(C) The official name desired by the petitioners for the industrial development authority to be established;(D) The total number of the members of the board of directors of the industrial development authority desired by the petitioners, subject to the conditions pertaining thereto specified in this chapter;(E) The number of the members of the board of directors of the industrial development authority that shall represent each petitioning local government, determined in accordance with the conditions specified in this chapter; and(F) A request that the circuit court enter an order designating the total number of the members of the board of directors of the industrial development authority, designating the number that shall represent each petitioning local government, and establishing an industrial development authority under this chapter as a public agency of the petitioning local government, but with the powers set forth in this chapter, which need not be enumerated in the order.
(A) The identity of the local governments desiring to organize the industrial development authority;
(B) (i) The population of each petitioning local government.(ii) The population of a petitioning county is the population of the county exclusive of the population of each petitioning municipality in the county, according to the most recent federal decennial census;
(i) The population of each petitioning local government.
(ii) The population of a petitioning county is the population of the county exclusive of the population of each petitioning municipality in the county, according to the most recent federal decennial census;
(C) The official name desired by the petitioners for the industrial development authority to be established;
(D) The total number of the members of the board of directors of the industrial development authority desired by the petitioners, subject to the conditions pertaining thereto specified in this chapter;
(E) The number of the members of the board of directors of the industrial development authority that shall represent each petitioning local government, determined in accordance with the conditions specified in this chapter; and
(F) A request that the circuit court enter an order designating the total number of the members of the board of directors of the industrial development authority, designating the number that shall represent each petitioning local government, and establishing an industrial development authority under this chapter as a public agency of the petitioning local government, but with the powers set forth in this chapter, which need not be enumerated in the order.
(c) (1) The circuit court shall enter an order establishing and naming the industrial development authority and designating the board of directors of the industrial development authority in accordance with the petition.(2) The circuit court shall enter the order as a record of the court, and the order shall be placed in the permanent records of the circuit clerk of the court.
(1) The circuit court shall enter an order establishing and naming the industrial development authority and designating the board of directors of the industrial development authority in accordance with the petition.
(2) The circuit court shall enter the order as a record of the court, and the order shall be placed in the permanent records of the circuit clerk of the court.
(d) After the entry of the order of the circuit court establishing the industrial development authority and after the appointments of its members, the industrial development authority shall be in existence and thereafter exist as a separate entity and body corporate as set forth in this chapter.