(b) If the legislative body finds as a result of its studies that the establishment and maintenance of a system would fulfill any one (1) or more of the conditions listed in section 5(a)(2) of this chapter, it may adopt an ordinance specifying the conditions that are fulfilled. The legislative body may then:

1. (1) enter into a contract to make grants-in-aid to a system that will serve the municipality, under section 6 of this chapter;
2. (2) enter into a contract to purchase buses and real property for lease to a system that will serve the municipality, under section 7 or 8 of this chapter; or

3. (3) establish a public transportation corporation, under section 10 of this chapter.

   [Pre-Local Government Recodification Citation: 19-5-2-32.]

   As added by Acts 1981, P.L.309, SEC.77. Amended by Acts 1982, P.L.217, SEC.1.