§ 5-1-4-8 — Meetings; selection of officers; bylaws

The directors originally appointed shall meet
within thirty (30) days after their appointment, at a time and place
designated by the board of county commissioners, for the purpose of
organization. The directors shall elect the following officers from
among their members: president, vice president, secretary, and
treasurer, who shall perform the duties usually pertaining to those
offices. Such officers shall serve until the expiration of the first term to
expire and the directors shall meet annually to reorganize within thirty
(30) days after the appointment of each successor director for a full
term. The directors are authorized to adopt such bylaws, rules and
regulations as they may deem necessary to the proper conduct of their
proceedings, the carrying out of their duties, and the safeguarding of
the funds and property of the authority. In addition to such meetings as
above provided, other regular and special meetings shall be held at
such times as they may determine and upon such notice as they may
fix, either by resolution or in accordance with the provisions of the
bylaws, rules and regulations adopted. A majority of the directors shall
constitute a quorum and the concurrence of a majority shall be
necessary to authorize any action. Directors shall serve without pay but
shall be entitled to reimbursement for any expenses necessarily
incurred in the performance of their duties.
Formerly: Acts 1971, P.L.41, SEC.1; Acts 1972, P.L.10, SEC.1.
As amended by P.L.7-1983, SEC.7.