(a) After each member of the Board has taken the oath as prescribed by the previous section, the Board shall meet and organize by electing one of its members as president and another as vice-president who shall hold their respective offices until the next annual meeting of the Board as provided in its bylaws. At each annual meeting thereafter, the Board shall elect from its membership a president and a vice-president who shall serve a term of one year. The Board shall also appoint and fix the compensation of a Secretary-Treasurer who shall be the fiscal officer of the Authority and who (I) shall not be a member of the Board and (ii) shall serve at the pleasure of the Board.
(b) Board Members shall not be compensated for any Board or committee meeting they attend or other Board activity. Board members shall, however, be reimbursed for their reasonable expenses incurred in the performance of their Board duties.
(Ord. 2006-124. Passed 11-01-06.)