15.2-5404 - Articles of incorporation. - Virginia Statutes

§ 15.2-5404. Articles of incorporation.

Each ordinance or agreement providing for the creation of an authority shallinclude 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 ofthe 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 ofdirectors which shall exercise the powers of the authority, the number ofdirectors from each member governmental unit, and the names, addresses andterms of office of the initial directors of the authority; and

5. Any other provisions for regulating the business of the authority or theconduct of its affairs, including provisions for amendment of the articles ofincorporation.

(1979, c. 416, § 15.1-1607; 1997, c. 587.)