Indiana § 8-10-5-4 Surveys and examinations; dissolution of authority

Indiana Statutes

§ 8-10-5-4 — Surveys and examinations; dissolution of authority

Indiana·Art. 10 PORTS·Ch. 5 Creation of Port Authorities by Local Governments

Any municipal corporation or county creating
or participating in the creation of a port authority may expend funds not
otherwise appropriated to defray the expense of surveys and
examinations incidental to the purposes of the port authority so created.
Subject to making due provisions for payment and performance of
its obligations, a port authority may be dissolved by the subdivision or
subdivisions creating it, and in such event the properties of the port
authority shall be transferred to the subdivision creating it, or if created
by more than one subdivision, to the subdivision creating it in such
manner as may be agreed upon between such subdivisions.
Formerly: Acts 1959, c.343, s.4.

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Any municipal corporation or county creating
or participating in the creation of a port authority may expend funds not
otherwise appropriated to defray the expense of surveys and
examinations incidental to the purposes of the port authority so created.
Subject to making due provisions for payment and performance of
its obligations, a port authority may be dissolved by the subdivision or
subdivisions creating it, and in such event the properties of the port
authority shall be transferred to the subdivision creating it, or if created
by more than one subdivision, to the subdivision creating it in such
manner as may be agreed upon between such subdivisions.
Formerly: Acts 1959, c.343, s.4.

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