The Commissioners of the Authority shall, in addition to the duties set forth by state law and this subchapter, be responsible to the town for the following.
(A) A monthly fiscal report shall be made to the Town Treasurer and to the Council in a form and in such detail as may be prescribed by the Council.
(B) The Council may prescribe additional reports, which shall be made to the Town Manager and the Council, including, but not limited to, the furnishing of minutes and any changes in operational procedures, and which shall be in such form and detail as may be prescribed by the Council.
(C) The Council shall at any time have the right to appoint an inspector to determine that the authority is in compliance with state law and this subchapter.
(D) Any Commissioner who shall be appointed and qualified shall be required to attend each meeting of the authority, and in the event any Commissioner is absent from three consecutive meetings without the consent of the Council or is absent from five meetings during any fiscal year of the town without consent of the Council, then such Commissioner shall be deemed to have resigned and his or her position shall thereupon be deemed vacant.
(E) The Chairperson of the Authority and the secretary thereof shall be required to file with the Town Manager/Clerk fidelity bonds in such amounts as the authority shall determine necessary and proper.
(1989 Code, § 11-2-4)