(A) Members of the Authority shall serve without compensation but shall be reimbursed for any actual and necessary expenses incurred by them in the conduct of the affairs of the Authority.
(B) The Authority shall, upon the appointment of its members, organize and elect officers.
(C) The Authority shall choose a Chairperson and Vice-Chairperson who shall serve for terms of one year.
(D) The Authority may fix a salary for the Secretary-Treasurer, and the Secretary-Treasurer shall execute an official bond to be set and approved by the Authority, and the cost thereof shall be paid by the Authority.
(1) The Authority may employ necessary counsel, agents and employees to carry out its work functions and prescribed rules and regulations as it deems necessary.
(2) The Secretary-Treasurer shall keep the minutes of all meetings of the Authority and shall also keep a set of books showing the receipts and expenditures of the Authority. He or she shall preserve on file duplicate vouchers for all expenditures and shall present to the Authority, upon request, complete reports of all financial transactions and the financial condition of the Authority. The books and vouchers shall at all times be subject to examination by the legislative bodies by whom the Authority was created. He or she shall transmit at least once annually a detailed report of all acts and doings of the Authority to the legislative bodies by whom the Authority was created.
(2000 Code, § 2-56)