40-1121. Board of directors of authority; qualifications; appointment; terms; oath; meetings; compensation A. All powers, privileges and duties vested in a metropolitan public transit authority shall be administered by a board of directors consisting of at least five and not more than eleven members. Each member shall be a resident of the area covered by […]
40-1122. Powers and duties of the board A. The board of directors shall: 1. Be the governing body of the authority and, in compliance with the provisions of this article, shall determine all questions of policy of the authority. 2. Fix the time and place at which its regular meeting shall be held, and shall […]
40-1123. Officers and employees of authority A. Officers of an authority may consist of the board of directors, and a general manager, a general counsel, a treasurer and a comptroller, as may be appointed by the board of directors to serve at the pleasure of the board. All other officers, deputies and employees shall be […]
40-1124. General powers of an authority A metropolitan public transit authority may: 1. Sue and be sued. 2. Adopt a corporate seal. 3. Take by grant, purchase, bequest, devise, or lease, and hold, enjoy, lease, sell, encumber, or otherwise dispose of real property or personal property of every kind within the purview of authority. 4. […]
40-1125. Cooperation with state or other agencies An authority may cooperate with and enter into agreements with the state of Arizona or any public agency for the acquisition, construction, improvement, completion, maintenance, operation or repair, joint or otherwise, and in whole or in part, of public transportation facilities and equipment, and for study and planning […]
40-1126. Cooperation with federal government An authority may contract for and cooperate with and may accept grants, contributions, or loans directly through the sale of securities or equipment, trust certificates, or otherwise, from the United States, or any department, instrumentality, or agency thereof, for the purpose of financing the acquisition, construction, improvement, maintenance and operation […]
40-1127. Rates and charges The rates and charges for service furnished pursuant to this article shall be determined by vote of the majority of all of the members of the board. Such rates shall be reasonable, and, insofar as is practical, the revenue derived therefrom shall be sufficient to pay, in the following priority: 1. […]
40-1128. Dissolution of authority Whenever the board of directors of an authority, by resolution, determines that the purposes for which the authority was formed have been substantially complied with, that the need for the authority has terminated, and that all obligations incurred by the authority have been fully paid, the members of the board of […]
