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bank or banks as the Board may select. The Treasurer and Assistant Treasurer shall <br />sign all orders and checks for the payment of money and shall pay out and disburse such <br />moneys under the direction of the Board. The Treasurer shall keep regular books of <br />accounts showing receipts and expenditures and shall render to the Board, at least <br />annually (or more often when requested), an account of such transactions and also of <br />the financial condition of the Authority. The Assistant Treasurer shall act as the <br />Treasurer's agent and assistant to perform the above -described duties, subject to the <br />Treasurer's approval thereof. <br />Section 6. Additional Duties. The officers of the Authority shall perform <br />such other duties and functions as may from time to time be required by the Board or <br />the by-laws or rules and regulations of the Authority. <br />Section 7. Vacancies. Should the office of President, Vice -President, <br />Treasurer, Assistant Treasurer or Secretary become vacant, the Board shall elect a <br />successor from its membership at the next regular meeting, or at a special meeting <br />called for such purpose, and such election shall be for the unexpired term of said <br />officer. <br />Section 8. Additional Personnel. The Board may from time to time employ <br />such personnel as it deems necessary to exercise its powers, duties and functions. The <br />selection and compensation of such personnel shall be determined by the Board. <br />ARTICLE III - MEETINGS <br />Section 1. Regular Meetings. The Board may hold regular meetings <br />according to a meeting schedule, if any, adopted or revised from time to time by <br />resolution of the Board. <br />Section 2. Special Meetings. Special meetings of the Board may be called <br />by the President or any two members of the Board for the purpose of transacting any <br />business designated in the call. The call for a special meeting may be delivered at any <br />time prior to the time of the proposed meeting to each member of the Board or may be <br />mailed to the business or home address of each member of the Board at least two (2) <br />days prior to the date of such special meeting. At such special meeting no business <br />shall be considered other than as designated in the call, but if at least four members of <br />the Board are present at a special meeting, any and all business may be transacted at <br />such special meeting. Notice of any special meeting shall be posted and/or published as <br />may be required by law. <br />Section 3. Quorum. The powers of the Authority shall be vested in the <br />Board. Three Commissioners shall constitute a quorum for the purpose of conducting <br />the business and exercising the powers of the Authority and for all other purposes, but a <br />smaller number may adjourn from time to time until a quorum is obtained. When a <br />quorum is in attendance, action may be taken by the Board upon a vote of a majority of <br />the Commissioners present. <br />2 <br />