| (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.
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