(A) There was previously established the Historic Railroad Multi-Jurisdictional Port Authority to be commonly known as "The Hoosier Heritage Port Authority" subject to all powers and authority granted and conferred by Indiana Code, as amended.
(B) In addition to the establishment of the Historic Railroad Multi-Jurisdictional Port Authority by the City of Noblesville, the Town of Fishers, and the county, (which shall hereafter be referred to as "The Jurisdictional Members") the Historic Railroad Multi-Jurisdictional Port Authority may be expanded to include other municipal corporations in the following manner:
(1) The municipal corporation seeking to join the multi-jurisdictional port authority shall make application in a form prescribed by the Board of Trustees seeking admission thereof;
(2) The Board of Trustees and the applicant shall define the appropriate consideration for such admission;
(3) The Board of Trustees must vote unanimously in favor of accepting the application;
(4) Upon unanimous acceptance of the application by the Board of Trustees, the applicant must adopt an ordinance which is in substantially the same form as this ordinance which establishes this subchapter, subject only to the following amendments which shall be incorporated by amendment to this subchapter by the legislative bodies of the Jurisdictional Members participating in the multi-jurisdictional port authority:
(a) That the membership of the Board of Trustees shall be expanded to include members for each municipal corporation added hereafter, such members to serve for terms of three years to be appointed by the executive officer of the Jurisdictional Member joining the port authority, or in accordance with such other provision for appointment as the Jurisdictional Member may determine.
(C) The term of existence of the Hoosier Heritage Port Authority shall be in perpetuity.
(D) Upon the mutual adoption by the Town of Fishers, the City of Noblesville, and Hamilton County of Ordinance 070506A, the membership of the Hoosier Heritage Port Authority has been expanded to include all of said units, subject to all of the powers and authority granted and conferred by the Indiana Code.
(Ord. 090794B, passed 12-7-94; Am. Ord. 041598 passed 4-15-98; Am. Ord. 070506A, passed 7-5-06; Am. Ord. 091514A, passed 11-17-14)