The Authority shall be under the control of a Board of Directors (the “Board”) consisting of three members, who must be residents of the city appointed by the Mayor. A member is entitled to serve a three year term. A member may be reappointed to subsequent terms. If vacancy occurs on the Board, the Mayor shall fill the vacancy by appointing a new member for the remainder of the vacated term. A Board member may be removed for cause by the Mayor. Each member, before entering upon the duties of office, must take and subscribe to an oath of office under IC 5-1-1, which shall be endorsed upon the certificate of appointment and filed with the records of the Board. A new member may not receive a salary, and no profit or money of the Authority insures to the benefits of a member.
(Ord. S-16-02, passed 2-12-02)