898.06 BOARD OF DIRECTORS.
   The Authority shall be under the supervision and control of the Board. The Board shall consist of ten board members, seven of whom shall be appointed by the Chief Executive Officer, subject to approval by the Council, one of whom shall be appointed by the County Board of Commissioners for the County of Livingston, two of whom shall be appointed by the chief executive officer of the local school district. Members shall be appointed to serve for a term of four years, except that of the members first appointed, an equal number, as near as is practicable, shall be appointed for terms of one year, two years, three years, and four years. A member shall hold office until the member's successor is appointed and qualified. Before assuming the duties of office, a member shall qualify by taking and subscribing to the constitutional oath of office. An appointment to fill a vacancy shall be made in the same manner as the original appointment but for the unexpired term only. Members of the Board shall serve without compensation, but shall be reimbursed for actual and necessary expenses. The Chairperson of the Board shall be elected by the Board. The Board shall adopt Bylaws governing its procedures subject to the approval of the Council. In the event that the Board determines to employ a Director of the Authority, such Director shall furnish a bond in the penal sum of fifty thousand dollars ($50,000) payable to the Authority for the use and benefit of the Authority and shall file the same with the City Clerk of the City.
(Res. 98-07. Passed 3-30-98.)