§ 5-1.4-2-9 — Executive director; duties

Indiana § 5-1.4-2-9

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.4: LOCAL PUBLIC IMPROVEMENT BOND BANKS
• Ch. 2: Establishment and Organization

Text

(a) The executive director appointed under
section 3 of this chapter shall, in addition to other duties fixed by the
directors:
(1) administer, manage, and direct the employees of the bank;
(2) approve all amounts for salaries, allowable expenses of the
bank or of any employee or consultant of the bank, and expenses
incidental to the operation of the bank; and
(3) attend the meetings of the board, keep a record of the
proceedings of the board, and maintain all books, documents, and
papers filed with the bank, the minutes of the board, and the
bank's official seal.
(b) The executive director may:
(1) cause copies to be made of all minutes and other records and
documents of the bank; and
(2) give certificates under seal of the bank to the effect that those
copies are true copies, and all persons dealing with the bank may
rely upon those certificates.

Legislative History

As added by P.L.42-1985, SEC.1.