SECTION 15.82. Application for Creation of Corporation

(a) Three or more qualified individuals may file with the executive director an application for the creation of a corporation. The application shall be in a form prescribed by the department and shall, at a minimum, include:

(1) the name, address, and telephone number of a person who may be contacted for additional information;

(2) a description of the proposed transportation project or projects;

(3) a project location map indicating the limits of the proposed transportation project or projects;

(4) copies of project feasibility studies, if available;

(5) proposed articles of incorporation;

(6) proposed bylaws; and

(7) applications for appointment as a director, submitted in accordance with §15.85(a) of this title (relating to Board of Directors).

(b) For purposes of this section, an applicant is qualified if he or she is a:

(1) qualified voter in this state; and

(2) resident of a county within the geographic area of the corporation's operations or resident of a county adjacent to such county or counties.

Source Note: The provisions of this §15.82 adopted to be effective January 1, 1997, 21 TexReg 11828.