(A) Composition of Board. The Authority shall be under the supervision and control of a Board consisting of the Chief Executive Officer of the Village of Birch Run and eight other members.
(B) Members appointed by the Chief Executive Officer. All members shall be appointed by the Chief Executive Officer, subject to approval by the Village Council.
(C) Majority of members required to have interest in the Downtown District. A majority of the members appointed shall be persons having an interest in property located in the Downtown District.
(D) One member to be resident. At least one of the members shall be a resident of the Downtown District.
(E) Terms of members. Members shall be appointed on staggered terms with an equal number appointed for one year, two years, three years and four years. Members shall hold office until the member's successor is appointed. Thereafter, each member shall serve for a term of four years.
(F) Vacancy in Board; compensation. A vacancy shall be filled by an appointment made by the Chief Executive Officer for the unexpired term only. All members of the Board shall serve without compensation, but shall be reimbursed for actual and necessary expenses.
(G) Election of Chairperson. The Chairperson of the Board shall be elected by the Board.
(H) Constitutional Oath of Office. Before assuming the duties of office, a member shall qualify by taking and subscribing to the Constitutional Oath of Office.
(I) Officers. The Officers of the Authority shall be as follows:
(1) A Chairperson;
(2) A Vice-Chairperson;
(3) A Secretary; and
(4) A Treasurer.
(J) Election and acceptance of members. The Board, by resolution adopted by a majority of its members at a regular or special meeting, shall elect the officers to terms of office set forth in the resolution. The Board may elect one or more assistant secretaries and assistant treasurers of the Authority. Officers and members of the Board shall acknowledge their acceptance of the position by filing an acknowledgment thereof with the Secretary of the Authority.
(K) Secretary/Treasurer. The offices of Secretary and Treasurer may be vested in one person, if approved by the Board, in which event the person shall be the Secretary/Treasurer.
(1992 Code, §§ 120.201 - 120.211) (Ord. 2-92, passed 2-10-1992)