Indiana § 36-10-11-9 Trustees; appointment of board of directors; qualifications; tenure;
conflicts of interest

Indiana Statutes

§ 36-10-11-9 — Trustees; appointment of board of directors; qualifications; tenure; conflicts of interest

Indiana·Title 36 LOCAL GOVERNMENT·Art. 10 RECREATION, CULTURE, AND COMMUNITY·Ch. 11 Gary Building Authority

The trustees shall appoint by majority vote a
board of five (5) directors. The directors must meet the same
qualifications, subscribe to the same oath, and receive the same
reimbursements as trustees. The directors serve for one (1) year
following their appointment and until their successors are appointed
and qualified. A director may not have any pecuniary interest in any
contract, employment, purchase, or sale made under this chapter. Any
transaction in which any director has a pecuniary interest is void.
Vacancies shall be filled by the trustees. The trustees may remove a
director for cause at any time.
As added by Acts 1982, P.L.218, SEC.5.

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The trustees shall appoint by majority vote a
board of five (5) directors. The directors must meet the same
qualifications, subscribe to the same oath, and receive the same
reimbursements as trustees. The directors serve for one (1) year
following their appointment and until their successors are appointed
and qualified. A director may not have any pecuniary interest in any
contract, employment, purchase, or sale made under this chapter. Any
transaction in which any director has a pecuniary interest is void.
Vacancies shall be filled by the trustees. The trustees may remove a
director for cause at any time.
As added by Acts 1982, P.L.218, SEC.5.

Indiana § 36-10-11-9 (Trustees; appointment of board of directors; qualifications; tenure; conflicts of interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.