Each ordinance or agreement providing for the creation of an authority shall include articles of incorporation which shall set forth:
1. The name of the authority and the address of its principal office;
2. The names of the governmental units which are to be the initial members of the authority;
3. The purpose or purposes for which the authority is to be created;
4. The number of directors who shall initially serve on the board of directors which shall exercise the powers of the authority, the number of directors from each member governmental unit, and the names, addresses and terms of office of the initial directors of the authority; and
5. Any other provisions for regulating the business of the authority or the conduct of its affairs, including provisions for amendment of the articles of incorporation.
1979, c. 416, § 15.1-1607; 1997, c. 587.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 54 - Electric Authorities Act
§ 15.2-5401. Intent of General Assembly
§ 15.2-5403. Creation of electric authority; referendum
§ 15.2-5404. Articles of incorporation
§ 15.2-5405.1. Applicability of personnel and procurement procedures to certain authorities
§ 15.2-5406. Rights, powers and duties of authority
§ 15.2-5406.1. Retail distribution of electric energy limited to certain authorities
§ 15.2-5406.2. Tort claims against certain authorities
§ 15.2-5407. Membership in more than one authority
§ 15.2-5409. Sale of capacity and output to nonmembers; limitations
§ 15.2-5411. Contracts for planning, acquisition, construction, etc., of projects
§ 15.2-5412. Issuance of bonds by authority
§ 15.2-5413. Interim receipts and temporary bonds; lost, stolen and destroyed bonds
§ 15.2-5414. Bonds not debts of Commonwealth or member governmental unit
§ 15.2-5415. Security for bonds; trust agreement; bond resolution
§ 15.2-5416. Rents, rates, fees and other charges
§ 15.2-5417. Moneys received deemed trust funds
§ 15.2-5418. Bondholders' and trustees' remedies
§ 15.2-5420. Status of bonds under Uniform Commercial Code
§ 15.2-5421. Bonds as legal investments and lawful security
§ 15.2-5422. Bonds exempt from taxation
§ 15.2-5423. Payments in lieu of property taxes; license tax
§ 15.2-5423.1. Exemption from taxation for certain authorities
§ 15.2-5424. Transfer, etc., of property of political subdivisions upon request of authority
§ 15.2-5427. Liability of members or officers
§ 15.2-5428. Dissolution of authority
§ 15.2-5429. Legislative consent to application of laws of other states
§ 15.2-5430. Provisions of chapter cumulative; construction
§ 15.2-5431. Provisions of chapter controlling over other statutes and charters