§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).