The membership of the Corporation shall be composed of, and shall be identical to, its Board of Directors. The Board of Directors shall govern the business and affairs of the Corporation and shall consist of 12 members composed of two divisions designated in the following manner:
(A) Division 1. Public directors.
(1) Mayor of the city or his designated representative.
(2) Director of the Department of Community Development and Planning;
(3) Managing Director of the Corporation;
(4) President of the Common Council or his designated representative;
(5) One other official or employee of the city to be appointed by the Mayor
(B) Division 2. Community Directors. Seven persons appointed by the Mayor who shall be experienced in housing, accounting, banking, law, real estate, and neighborhood areas within the city.
('74 Code, § 2-80) (Ord. G-25-75, passed - -75; Am. Ord. S-98-82, passed 6-8-82)