There shall be a Board of Directors of the district to administer the affairs of the district. This Board shall be constituted by fifteen member businesses of the district. The initial Board shall be approved by the City Council from a list of business operators located in the district that is submitted by the Formation Committee. Within the Board there shall be a President, Vice-President, Secretary and Treasurer elected by the membership, and such other officers as deemed necessary by the Board. Such other officers shall be appointed by the Board of Directors at their discretion. All voting within the district regarding election of Board Members and any actions regarding the normal and routine conducting of district business shall be based on one vote per assessed dollar, and said business must be current in payment of their district assessment(s) to participate in such votes.
(Ord. 1218, passed 10-1-97)