(A) The Commission shall hold a meeting for the purpose of organization not later than 30 days after they are appointed and, after that, each year on the first day in January that is not a Saturday, a Sunday, or a legal holiday. They shall choose one of their members as President, another as Vice-President and another as Secretary. These officers shall perform the duties usually pertaining to their offices and shall serve from the date of their election until their successors are elected and qualified.
(B) The Commission may appoint a Treasurer who need not be a Member of the Commission. The Commission may provide for the payment of compensation to a Treasurer who is not a Member of the Commission. Notwithstanding any other provision of this Subchapter, the Treasurer has charge over and is responsible for the administration, investment and disbursement of funds and accounts of the Commission in accordance with the requirements of this Subchapter. However, the Treasurer may not perform any duties of the physical officer or any other officer of the Town that are set forth and prescribed by IC 36-7-14-24, or by any provisions of IC 36-7-14, et. seq., that pertain to the issuance and sale of bonds, notes, or warrants of the Special Taxing District.
(C) The Commission may adopt the rules and by-laws they consider necessary for the proper conduct of their proceedings, the carrying out of their duties, and the safeguarding of the money and property placed in their custody by applicable provision of IC 36-7-14, et. seq. In addition to the annual meeting, the Commission members may, by Resolution or in accordance with their rules and by-laws, prescribe the date and manner of notice of other regular or special meetings.
(D) Three members of the Commission, constitute a quorum, and the concurrence of three Commissioners is necessary to authorize any action.
(Ord. 738, passed 12-15-98)