The members shall, for the purpose of doing business, constitute a board of directors, which may adopt suitable bylaws for its management. The members of the board shall receive compensation, per diem, as fixed by the board of commissioners of Dare County from time to time, and shall be allowed and paid their actual traveling expenses incurred in transacting the business and at the instance of the said airport authority. A majority of said board shall control its decisions. Each member of said board, including the chairman, shall have one vote. At the first meeting of said board and annually thereafter, it shall elect from among its members a chairman and a secretary and a treasurer. The said board shall meet at such places and time as the chairman shall designate.
(Sess. Laws 1971, ch. 503, § 3.)