§ 171.019 ORGANIZATION, MEETINGS AND THE LIKE OF REVOLVING LOAN FUND COMMITTEE.
   The Committee shall elect a Chairperson from among its appointed members for a term of one year. The City Clerk-Administrator shall act as Secretary and Treasurer, and shall keep all financial records. The Committee shall meet at least quarterly, but may meet more frequently upon the call and notice of its Chairperson. It shall adopt rules for the transaction of business according to the purposes and guidelines herein set forth and shall keep a record of its resolutions, transactions and findings, which record shall be a public record. Expenditures shall be within amounts appropriated for the purpose by the City Council.
(Ord. 90-1, passed 1-4-1990)