36-42 - Decreasing area of operation of regional housing authority.
§ 36-42. Decreasing area of operation of regional housing authority.
The area of operation of a regional housing authority shall be decreased fromtime to time to exclude one or more counties from such area if the board ofsupervisors of each of the counties in such area and the commissioners of theregional housing authority each adopt a resolution declaring that there is aneed for excluding such county or counties from such area; provided that noaction may be taken pursuant to this section if the regional housingauthority has outstanding any bonds, notes or other evidences ofindebtedness, unless first, all holders of such evidences of indebtednessconsent in writing to such action; and provided further that if such actiondecreases the area of operation of the regional housing authority to only onecounty, such authority shall thereupon constitute and become a housingauthority for such county, in the same manner as though such authority werecreated by and authorized to transact business and exercise its powerspursuant to § 36-4, and the commissioners of such authority shall bethereupon appointed as provided for the appointment of commissioners of ahousing authority created for a county.
The board of supervisors of each of the counties in the area of operation ofthe regional housing authority and the commissioners of the regional housingauthority shall adopt a resolution declaring that there is a need forexcluding a county or counties from such area if: (a) each such board ofsupervisors of the counties to remain in the area of operation of theregional housing authority and the commissioners of the regional housingauthority find that (because of facts arising or determined subsequent to thetime when such area first included the county or counties to be excluded) theregional housing authority would be a more efficient or economicaladministrative unit to carry out the purposes of this Housing Authorities Lawif such county or counties were excluded from such area, and (b) the board ofsupervisors of each such county or counties to be excluded and thecommissioners of the regional housing authority each also find that (becauseof the aforesaid changed facts) the purposes of this Housing Authorities Lawcould be carried out more efficiently or economically in such county orcounties if the area of operation of the regional housing authority did notinclude such county or counties.
Any property held by a regional housing authority within a county or countiesexcluded from the area of operation of such authority, as herein provided,shall (as soon as practicable after the exclusion of the county or countiesrespectively) be disposed of by such authority in the public interest.
(1942, p. 319; Michie Code 1942, § 3145(4c).)