(A) Three of the Commissioners shall be appointed by the Town Executive and two of the Commissioners shall be appointed by the Town Council in the manner set forth in the Act.
(B) Each Commissioner shall serve for one year from the first day of January after their appointment and until their successor is appointed and has qualified, except that the original Commissioners shall serve from the date of their appointment until the first day of January in the second year after their appointment. If a vacancy occurs, a successor shall be appointed in the same manner as the original Commissioner, and the successor shall serve for the remainder of the vacated term.
(C) Each Commissioner, before beginning their duties, shall take and subscribe an oath of office in the usual form, to be endorsed on the certificate of their appointment, which shall be promptly filed with the office of the Clerk-Treasurer.
(D) Each Commissioner, before beginning their duties, shall execute a bond payable to the state, with surety to be approved by the Town Council President. The bond must be in the penal sum of $15,000 and must be conditioned on the faithful performance of the duties of their office and the accounting for all monies and property that may come into their hands or under their control. The cost of the bond shall be paid by the special taxing district.
(Ord. 2001-14, passed 10-8-01)