1.16.070 Charter contents.
A. The Charter shall set forth the following.
1. The name of the public corporation;
2. The period of duration of the public corporation, which may be perpetual or for a fixed period;
3. This statement in a prominent place:
(Name of Public Corporation) is organized pursuant to Aberdeen Municipal Code Chapter 1.16 and RCW 35.21.730-.755. RCW 35.21.750 provides as follows:
"[A]ll liabilities incurred by such public corporation, commission, or authority shall be satisfied exclusively from the assets and properties of such public corporation, commission, or authority and no creditor or other person shall have any right of action against the city, town, or county creating such corporation, commission, or authority on account of any debts, obligations or liabilities of such public corporation, commission, or authority."
4. The purpose or purposes of the public corporation;
5. The composition of the board;
6. The composition of the membership, if any;
7. Any provisions, not inconsistent with law, which the applicants elect to set forth in the Charter for the regulation of the internal affairs of the public corporation.
B. The Charter shall require that any corporate official responsible for accounts and finances shall file with the public corporation a fidelity bond in an amount determined by the public corporation to be adequate and appropriate, and may hold the corporate office only as long as such a bond continues in effect.