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NOW, THEREFORE, BE IT ORDAINED, by the Town Council for the Town of <br />Mooresville, Indiana, meeting in regular session as follows: <br />Section 1. The Council hereby authorizes the Town to become a member of the <br />Development Authority pursuant to the Act. The Town shall be a member <br />of the development authority for not less than five years. <br />Section 2. The Council shall adopt the Plan by separate resolution, which resolution <br />shall be substantially similar to the resolutions of other participating <br />members of the Development Authority. <br />Section 3. The Town shall notify the Indiana Economic Development Commission of <br />its membership in the Development Authority. <br />Section 4. This Ordinance shall be in full force and effect from and upon its adoption <br />and in accordance with Indiana law. <br />[The remainder of this page is blank.] <br />