(A) The city hereby agrees to accept and operate under the provisions of KRS 96.550 to 96.900 and further agrees to all of the provisions of KRS 96.550 to 96.900 as the same now exist and as the same may be amended from time to time by the General Assembly of Kentucky.
(B) There is hereby created the Electric Plant Board of the city, which, when appointed and qualified as set forth herein, shall be a body politic and corporated, with perpetual succession; and the body may contract and be contracted with, sue and be sued in and by its corporate name, and have and use a corporate seal.
(C) (1) There shall be four members of the Board appointed by the Mayor subject to the approval of Council. Each member of the Board shall be a resident of the city and shall have resided therein for not less than one year next preceding the date of appointment.
(2) No person shall be appointed a member of the Board who has, within the last two years next before his appointment, held any public office, or who is related within the third degree to the Mayor or any member of the governing body of the municipality.
(3) Neither the Board nor the Superintendent appointed by the Board shall appoint to any subordinate office which it may create nor employ in any capacity any person who is related within the third degree to any member of the Board or to the Mayor of the municipality or to any member of the governing body of the municipality. No officer or employee of a municipality shall be eligible for such appointment until at least one year after the expiration of the term of his public office, or employment; and any payment made in violation of this division shall be illegal and the Superintendent and the Board members voting for or approving or consenting to same shall be personally liable for the amount so paid and this liability may be enforced by suit by any citizen of the municipality.
(4) The members of the Board shall be citizens, taxpayers, and legal voters of such municipality and shall not at the time of the appointment be indebted to the municipality either directly or be surety on the official bond of any officer of the municipality.
(5) If at any time during his term of office a member of the Board becomes a candidate for or is elected or appointed to any public office, he shall automatically vacate his membership from the Board, and another person shall be appointed to his place.
(6) The municipality shall pay the cost of securing bonds for Board members from a surety company qualified to do business in the state, and the members shall execute a bond in an amount required by resolution of the governing body, and conditioned upon the faithful performance of their official duties.
(7) Each member of the Board shall qualify by taking the oath required by Section 228 of the State Constitution.
(Enact. Acts 1942, ch. 18, § 15.)
(D) Terms of members, their compensation and powers and duties shall be as set forth in KRS 96.750, et seq.
(Ord. 87-3, passed 5-20-87)