House Bill 1439, also known as Senate Bill 1462, proposes a complete overhaul of the City of Ridgeside's charter by deleting the existing Chapter 615 of the Private Acts of 1931 and its amendments. The new charter reaffirms the city's corporate name, boundaries, and powers, allowing the city to levy taxes, issue bonds, manage public utilities, regulate businesses, and maintain public health and safety. Importantly, the bill stipulates that the city cannot exempt any property from taxation unless such exemptions are already provided under state law.

The bill also establishes a governance structure for the city, creating a Board of Commissioners with three members who must be residents of Ridgeside. It outlines the eligibility requirements for commissioners, their terms, and the election process, including how to handle ties. The mayor will be the commissioner with the highest vote count, while the vice mayor will be the second highest. Additionally, the bill details financial management procedures, including tax collection and penalties for delinquent taxes, and includes a severability clause to protect the charter's remaining provisions if any part is deemed invalid. The act will take effect upon a two-thirds vote of the City of Ridgeside's legislative body.