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The charter shall set forth:
The names and residences of the applicants, together with a recital that each of them is a duly qualified voter in the municipality;
The name of the authority, which shall contain the words “medical school authority”;
The location of the principal office of the authority;
The number of directors of the authority, which shall be no fewer than seven (7);
The period, which may be perpetual, for the duration of the authority;
A provision addressing conflicts of interest of members of the boards of directors of the medical school authority;
The purposes for which the authority is proposed to be organized;
A statement that permission to organize the authority has been granted by resolution duly adopted by the governing body of the municipality and the date of the adoption of such resolution; and
Any other matter that the applicants may choose to insert in the charter that is not inconsistent with this chapter or with the laws of the state.
The charter shall be subscribed and acknowledged by each of the applicants as being in conformity with this section and § 7-90-104.