North Carolina General Statutes 160A-479.4. Contents of charter
The charter of a regional sports authority shall:
(1) Specify the name of the authority;
(2) Establish the powers, duties, and functions that it may exercise and perform;
(3) Establish the number of delegates to represent the member governments, fix their terms of office, provide methods for filling vacancies, and prescribe the compensation and allowances, if any, to be paid to delegates;
(4) Set out the method of determining the financial support that will be given to the authority by each member government;
(5) Establish a method for amending the charter, and for dissolving the authority and liquidating its assets and liabilities.
In addition, the charter may, but need not, contain rules and regulations for the conduct of authority business and any other matter pertaining to the organization, powers, and functioning of the authority that the member governments deem appropriate. (1989, c. 780, s. 1.)
Terms Used In North Carolina General Statutes 160A-479.4
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Charter: means the entire body of local acts currently in force applicable to a particular city, including articles of incorporation issued to a city by an administrative agency of the State, and any amendments thereto adopted pursuant to 1917 Public Laws, Chapter 136, Subchapter 16, Part VIII, sections 1 and 2, or Article 5, Part 4, of this Chapter. See North Carolina General Statutes 160A-1
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.