§ 42-116-8. Officers.
(a) An executive director, who shall be a person professionally skilled and experienced
in law, finance, or public administration, shall be appointed by the board of directors.
An executive director may be removed at any time for cause by the board. The executive
director shall administer the affairs of the corporation, including, without limiting
the generality of the foregoing matters, contracting, asset administration, personnel
and administration, under the supervision of the board in accordance with those authorizations
that the board may from time to time reasonably adopt and continue in force. The board
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§ 42-116-8. Officers.
(a) An executive director, who shall be a person professionally skilled and experienced
in law, finance, or public administration, shall be appointed by the board of directors.
An executive director may be removed at any time for cause by the board. The executive
director shall administer the affairs of the corporation, including, without limiting
the generality of the foregoing matters, contracting, asset administration, personnel
and administration, under the supervision of the board in accordance with those authorizations
that the board may from time to time reasonably adopt and continue in force. The board
may also appoint persons to hold the offices of secretary and the treasurer to the
corporation, including assistant secretaries and assistant treasurers in whom may
be vested any of the powers of the secretary and the treasurer, respectively, or may
appoint a director or employee of the corporation to exercise those duties. The secretary
shall be the custodian of the seal and of the books and records of the corporation
and shall keep a record of the proceedings of the board of directors. The secretary
may cause copies to be made of all minutes and other records and documents of the
corporation and may give certificates under its official seal to the effect that the
copies are true copies and all persons dealing with the corporation may rely upon
these certificates. The treasurer has charge of the books of account and accounting
records of the corporation and is responsible under the supervision of the executive
director for financial control for the corporation. Upon the recommendation of the
executive director, the board shall also appoint and establish compensation, benefits,
and other terms of employment for other officers and employees of the corporation
that it deems reasonable and necessary. Officers and employees of the corporation,
other than the executive director, serve at the pleasure of the board or under contracts
of employment; provided, however, that no contract of employment, except for that
of the executive director, exceeds a term of three (3) years, which may be renewed
upon the expiration for successive terms. No person employed by the board is subject
to the provisions of the classified service.
(b) Present or past directors, officers, employees, or agents of the corporation may be
indemnified by the corporation to the extent allowed by and in accordance with the
indemnification provisions applicable to nonprofit corporations pursuant to § 7-6-6. The corporation shall be a public body for purposes of § 9-1-31.1.