In this paper, we consider both differential and algebraic properties of
surfaces associated with sigma models. It is shown that surfaces defined by the
generalized Weierstrass formula for immersion for solutions of the CP^{N-1}
sigma model with finite action, defined in the Riemann sphere, are themselves
solutions of the Euler-Lagrange equations for sigma models. On the other hand,
we show that the Euler-Lagrange equations for surfaces immersed in the Lie
algebra su(N), with conformal coordinates, that are extremals of the area
functional subject to a fixed polynomial identity are exactly the
Euler-Lagrange equations for sigma models. In addition to these differential
constraints, the algebraic constraints, in the form of eigenvalues of the
immersion functions, are treated systematically. The spectrum of the immersion
functions, for different dimensions of the model, as well as its symmetry
properties and its transformation under the action of the ladder operators are
discussed. Another approach to the dynamics is given, i.e. description in terms
of the unitary matrix which diagonalizes both the immersion functions and the
projectors constituting the model.Comment: 22 pages, 3 figure