Indiana § 5-1.4-2-3 Duties of board

Indiana Statutes

§ 5-1.4-2-3 — Duties of board

Indiana § 5-1.4-2-3

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.4LOCAL PUBLIC IMPROVEMENT BOND BANKS

Ch. 2Establishment and Organization

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Bluebook

Ind. Code § 5-1.4-2-3 (2026).

Text

The board shall do the following:

(1)Elect from its membership a chairman and a vice chairman.

(2)Appoint and fix the duties and compensation of an executive director, who shall serve as both secretary and treasurer. The executive director may be the fiscal officer of the city, in which case the executive director will receive no compensation for services performed as the executive director.

(3)Establish and maintain the office of the bank in the city.

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The board shall do the following:
(1) Elect from its membership a chairman and a vice chairman.
(2) Appoint and fix the duties and compensation of an executive
director, who shall serve as both secretary and treasurer. The
executive director may be the fiscal officer of the city, in which
case the executive director will receive no compensation for
services performed as the executive director.
(3) Establish and maintain the office of the bank in the city.