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(A) The Commissioners of the Authority shall serve four year terms
(B) The terms of Commissioners shall end on December 31.
(C) The terms of Commissioners shall expire as follows:
(1) Two terms shall expire in the even-numbered year in which the President of the United States is elected.
(2) One term shall expire in the odd-numbered year after the year in which the President of the United States is elected.
(3) Two terms shall expire in the even-numbered year in which the Governor of Minnesota is elected.
(4) Two terms shall expire in the odd-numbered year after the year in which the Governor of Minnesota is elected.
(A) The Commissioners of the Authority shall adopt bylaws to govern its administration. The bylaws will take effect only upon ratification by the City Council, which may amend or rescind them at any time.
(B) The Commissioners shall adopt an official seal for the Authority.
The Commissioners of the Authority shall annually elect officers as follows.
(A) The Commissioners shall elect a president, a vice-president, a treasurer, a secretary, and an assistant treasurer.
(B) A Commissioner shall not serve as president and vice-president at the same time. The other offices may be held by the same Commissioner.
(C) The offices of secretary and assistant treasurer need not be held by a Commissioner.
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