(A) A transit authority is hereby created and established under the provisions of KRS Ch. 96A by joint proceedings and the name thereof shall be "Transit Authority of Morehead-Rowan County." The public bodies creating the Transit Authority of Morehead-Rowan County in joint proceedings are the City of Morehead, Kentucky, and the County of Rowan, Kentucky.
(B) Subsequent to the creation and establishment of this transit authority, one or more additional public bodies may be permitted to join therein, in such manner and subject to such conditions as may be prescribed by the board of the Authority with the concurrence and approval of all public bodies which have theretofore participated in the establishment or previous enlargement of the authority.
(C) The Transit Authority of Morehead-Rowan County, created and established under the provisions of KRS Ch. 96A, shall become a corporate entity upon the effective date of the last of joint proceedings of the City of Morehead or the County of Rowan.
(Ord. passed 10-8-91)