§ 7-5-103. Chapter Definitions
As used in this chapter, unless the context otherwise requires: “Authority” means a metropolitan port authority created pursuant to this chapter; “Board” means the board of commissioners of an authority; “Bonds” includes notes, interim certificates or other obligations of an authority; “Contracting party” or “other contracting party” means any party to a sale contract, lease, […]
§ 7-5-104. Creation of Metropolitan Port Authority
Any metropolitan government having a population of not less than one hundred thousand (100,000) may create a metropolitan port authority in the manner provided in this chapter. The governing body of the creating municipality, if it shall determine the public convenience and necessity requires the creation of a metropolitan port authority, shall adopt, and the […]
§ 7-5-105. Board of Commissioners
The governing power of the authority shall be vested in a board of commissioners of nine (9) persons, each of whom shall have no financial interest in the authority or its concessions, appointed by the executive officer of the creating municipality and confirmed by resolution of its governing body. All commissioners shall be of excellent […]