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bank or banks as the Board may select. The Treasurer and Assistant Treasurer shall sign <br />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 ofthe <br />financial condition ofthe Authority. The Assistant Treasurer shall act as the Treasurer's <br />agent and assistant to perform the above-described duties, subject to the Treasurer's <br />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 the <br />bylaws 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 at the next regular meeting, or at a special meeting called for such purpose, and <br />such election shall be for the unexpired term of said 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 />Section 9. Alternate Members. The Authority may appoint alternate members <br />to fill in for members that are absent during the scheduled or special meetings. The <br />alternate members shall be prepared to attend all meetings. In the event that a <br />member is absent, the alternate shall temporarily fill the absence and exercise all <br />powers of the Authority, including voting. The alternate members shall be appointed <br />by the City Council and shall be appointed to a three-year term. <br />ARTICLE III - MEETINGS <br />Section 1. Regular Meetings. The regular meetings ofthe Board shall occur <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 ofthe Board may be called by <br />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 ofthe Board at least two (2) days <br />prior to the date of such special meeting. At such special meeting no business shall be <br />considered other than as designated in the call, but if at least four members ofthe Board <br />are present at a special meeting, any and all business may be transacted at such special <br />meeting. Notice of any special meeting shall be posted and/or published as may be <br />required by law. <br />Section 3. Quorum. The powers of the Authority shall be vested in the <br />Board. Four Commissioners shall constitute a quorum for the purpose ofconducting the <br />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 />