Sec. 11.5. A locality that: (1) has elected town officers and has governed itself as a town for at least ten (10) years preceding September 1, 1988; or (2) has been incorporated under this chapter after August 31, 1988; is a town for all purposes unless the town has been dissolved under this chapter or IC 36-5-1.1. As added by P.L.1-1989, SEC.69.