The certificate of incorporation of the authority shall state all of the following:
- (1) The name of each person forming the authority, the residence of each person, a statement that each person is a duly qualified elector of the municipality, and a statement that each is the owner of property in the municipality.
- (2) The name of the authority (which shall include the words “Parking Authority”).
- (3) The duration that the authority will exist. If the duration is to be perpetual, that fact shall be stated.
- (4) The name of the municipality authorizing the incorporation of the authority and the date the authorization was granted.
- (5) The proposed location of the principal office of the authority, which shall be within the boundaries of the municipality.
- (6) Any other matters that are not inconsistent with this chapter or other laws of the state that the authority chooses to insert.
(Acts 1994, No. 94-254, p. 470, §4.)