(a) Agreement to form; Newport and Middletown. The City of Newport and the Town of Middletown may agree to form and be members of a regional disposal authority. Such agreement shall be approved by resolutions of the city council of the City of Newport and of the town council of the Town of Middletown. The agreement shall set forth (1) the composition of the board of directors of the authority, which shall be composed of not less than five members, nor more than eleven members, method of selection and terms of office, (2) the method of apportioning the debt service and other expenses of the authority among the member municipalities, (3) the time or times of payment of the shares thereof, and (4) any other provisions or limitations on the powers of the authority which the contracting parties may deem advisable.
(b) Portsmouth may join. The Town of Portsmouth may also be a party to the agreement and a member of the authority, in which case the agreement shall be approved by resolution of its town council. If the Town of Portsmouth is not an original member, it may be admitted to membership in the authority upon the amendment of the agreement as provided below and upon approval of the agreement (as so amended) by resolution of the Portsmouth town council.
(c) Separation from membership. Any member city or town may be separated from membership in the authority by amendment of the agreement as provided below.
(d) Amendments to agreement. The agreement may be amended from time to time by an amendatory agreement approved by resolution of the city or town council of each member city or town, and, if required by the agreement, by the board of directors of the authority. No amendment shall be made which shall substantially impair the right of the holders of any bonds, notes or coupons of the authority then outstanding or the rights of the authority to procure the means for payment thereof.
(e) Regional disposal authority made body politic. Upon the making of an agreement under this section, the regional disposal authority shall be a body politic and corporate and a political subdivision of the state. Its territory shall consist of the territories of the member municipalities. (P.L. 1969, ch. 110, § 1.)
Editor's note. Chapter 10, P.L. 1969, was rejected by the voters of Portsmouth at a financial town meeting on January 24, 1970.