Section 173 - Procedures; legal effect1.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; [2007, c. 563, §1(NEW).]B. The territorial limits of the airport authority; [2007, c. 563, §1(NEW).]C. The number of directors of the airport authority; [2007, c. 563, §1(NEW).]D. The appointing authority responsible for appointing or the method of electing the first board of directors; [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; [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 [2007, c. 563, §1(NEW).]G. The procedures for a local referendum on the creation of the airport authority. [2007, c. 563, §1(NEW).][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; [2007, c. 563, §1(NEW).]B. Additional purposes and powers beyond those specified in this chapter; [2007, c. 563, §1(NEW).]C. Specific rights or responsibilities of founding entities; [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 [2007, c. 563, §1(NEW).]E. Any other powers or duties necessary to the accomplishment of the purposes for creating the airport authority. [2007, c. 563, §1(NEW).][2007, c. 563, §1(NEW).]
2007, c. 563, § 1 (NEW) .