§ 22-29-119 — District officers; meeting of board; conflict of interest

Each year the board of directors shall as soon as they are
qualified elect a president, treasurer and secretary of the
district. The board of directors shall hold regular and may
hold special meetings as they determine. No trustee shall be
directly interested financially in any contract, work done or
property purchased by the district unless he has made full
public disclosure and the board has unanimously approved his
financial interest. A majority of directors constitutes a quorum
for the transaction of district business.