(a) The Port Authority shall be governed by a five member Board of Directors each of whom shall serve for a term of four years, provided that such Board initially shall be composed of members having terms of office commencing on the effective date of their appointment and expiring as follows: one member shall have a term of office expiring one year after their appointment; one member shall have a term of office expiring two years after his or her appointment; one member shall have a term of office expiring three years after his or her appointment; and two members shall have a term of office expiring four years after his or her appointment. A majority of the members of the Board of Directors shall be qualified electors of, or shall have their businesses or places of employment in, the City for a period of at least three years preceding their appointment. All of the members of the Board of Directors shall be appointed by the Mayor with the advice and consent of this Council. Upon the resignation or removal of a member of the Board of Directors, or the expiration of the term of office of a member of the Board of Directors, a new member of the Board of Directors shall be appointed by the Mayor with the advice and consent of this Council. Any person appointed to fill a vacancy on the Board of Directors shall be appointed to only the unexpired term of that vacancy. Any member of the Board of Directors may be eligible for reappointment to the Board of Directors.
(b) Each member of the Board of Directors shall serve without compensation, but expenses incurred by any member of the Board of Directors may be paid or reimbursed as the Board of Directors may determine. No person appointed to the Board of Directors shall hold any other public office except that of notary public, member of the State militia or member of a reserve component of the United States Armed Forces.
(c) Any member of the Board of Directors may be removed by the Mayor with the advice and consent of this Council for misfeasance, nonfeasance, or malfeasance in office. No member of the Board of Directors shall be interested in the profits or emoluments of any contract, job, work or service of the Port Authority. Any member of the Board of Directors who is so interested in such profits or emoluments shall be deemed guilty of malfeasance.
(Ord. 86-05. Passed 12-12-05.)