Indiana § 8-1-11.1-2 Board of directors; appointment of officers; compensation; meetings;
employee bonds

Indiana Statutes

§ 8-1-11.1-2 — Board of directors; appointment of officers; compensation; meetings; employee bonds

Indiana § 8-1-11.1-2

Art. 1UTILITIES GENERALLY

Ch. 11.1Department of Public Utilities of Consolidated City

This text of Indiana § 8-1-11.1-2 (Board of directors; appointment of officers; compensation; meetings; employee bonds) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 8-1-11.1-2 (2026).

Text

(a)The members of such board of directors for utilities shall hold a meeting on the second Monday of January of each year for the purpose of organization and to elect officers for the ensuing year. They shall choose one (1) of their members president, another vice-president, another secretary, and another treasurer, who shall perform the duties usually pertaining to those offices. Such officers so chosen shall serve from the date of their election until their successors are duly elected and qualified.

(b)The members of such board of directors for utilities shall each be paid a salary for their services as such directors at the rate of six hundred dollars ($600) per annum during the period of service. A majority of the members of said board of directors shall constitute a quorum, and the

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(a) The members of such board of directors for
utilities shall hold a meeting on the second Monday of January of each
year for the purpose of organization and to elect officers for the ensuing
year. They shall choose one (1) of their members president, another
vice-president, another secretary, and another treasurer, who shall
perform the duties usually pertaining to those offices. Such officers so
chosen shall serve from the date of their election until their successors
are duly elected and qualified.
(b) The members of such board of directors for utilities shall each
be paid a salary for their services as such directors at the rate of six
hundred dollars ($600) per annum during the period of service. A
majority of the members of said board of directors shall constitute a
quorum, and the concurrence of a majority of such membership shall
be necessary to any action of such board. Such board of directors shall
hold an annual meeting on the second Monday of January of each year,
at the general offices of such board, and such other regular meetings at
such times as it may determine, and upon such notice as it may fix, by
rule or regulation. It shall be authorized to make such by-laws and
regulations as it may deem necessary for the safe, economical and
efficient management and protection of the properties entrusted to its
care. Such board of directors shall require any officer or employee
having custody of funds to give bond in such reasonable amount as the
board may prescribe, the expense of which bonds shall be paid by the
department of public utilities of such city.
[Pre-Local Government Recodification Citation:
19-3-24-2.]
As added by Acts 1981, P.L.11, SEC.43.