§173. Procedures; legal effect
1. Necessary provisions. An airport authority charter must include the following that are not specified in this chapter:
A. The corporate name of the airport authority; [PL 2007, c. 563, §1 (NEW).]
B. The territorial limits of the airport authority; [PL 2007, c. 563, §1 (NEW).]
C. The number of directors of the airport authority; [PL 2007, c. 563, §1 (NEW).]
D. The appointing authority responsible for appointing or the method of electing the first board of directors; [PL 2007, c. 563, §1 (NEW).]
E. The terms of the directors who are elected or appointed subsequent to the first board. Terms of the first board are determined pursuant to section 174, subsection 4; [PL 2007, c. 563, §1 (NEW).]
F. Whether the directors, subsequent to the first board, are appointed or elected. Reference must be made to the appropriate subsections of section 174; and [PL 2007, c. 563, §1 (NEW).]
G. The procedures for a local referendum on the creation of the airport authority. [PL 2007, c. 563, §1 (NEW).]
[PL 2007, c. 563, §1 (NEW).]
2. Optional provisions. An airport authority charter may include provisions relating to:
A. Special qualifications of directors, other than the residency requirement established under section 174; [PL 2007, c. 563, §1 (NEW).]
B. Additional purposes and powers beyond those specified in this chapter; [PL 2007, c. 563, §1 (NEW).]
C. Specific rights or responsibilities of founding entities; [PL 2007, c. 563, §1 (NEW).]
D. Authorization for the airport authority to acquire the rights, interests, property and assets and assume the debts and liabilities of an airport sponsor; and [PL 2007, c. 563, §1 (NEW).]
E. Any other powers or duties necessary to the accomplishment of the purposes for creating the airport authority. [PL 2007, c. 563, §1 (NEW).]
[PL 2007, c. 563, §1 (NEW).]
SECTION HISTORY
PL 2007, c. 563, §1 (NEW).
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.