123.955 County and municipal building authority; articles of incorporation; contents; eligibility of governing body member for membership or appointment.
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123.955 County and municipal building authority; articles of incorporation; contents; eligibility of governing body member for membership or appointment.
Sec. 5.
(1)The articles of incorporation shall set forth all of the following:
(a)The name of the authority.
(b)The name or names of the unit or units incorporating the authority.
(c)The purpose for which the authority is incorporated.
(d)The number, terms, and manner of selection of the officers of the authority including its governing body, which shall be known as the "commission".
(e)The powers and duties of the authority and of its officers.
(f)The date upon which the authority shall become effective.
(g)The officer required to publish the articles of incorporation and the name of the newspaper in which the articles of incorporation shall be published.
(h)The county with whose clerk the articles of incorporation shall be filed, which shall be a county that is an incorporating unit or in which an incorporating unit is located.
(i)Any other matters considered expedient.
(2)A member of the governing body of an incorporating unit of an authority is not eligible for membership or appointment to the authority.
History: 1948, 1st Ex. Sess., Act 31, Imd. Eff. May 10, 1948 ;-- CL 1948, 123.955 ;-- Am. 1955, Act 143, Eff. Oct. 14, 1955 ;-- Am. 1995, Act 147, Imd. Eff. July 11, 1995