(A) The Board shall within 60 days after the appointment of its initial membership, and thereafter in July of each year, elect from its members a chairman and a vice chairman. It may, in its discretion, employ an executive director and a secretary-treasurer, neither of whom shall be a member of the Board. The Board may, in its discretion, employ necessary legal counsel and other agents and employees to carry out its work and functions, and may from time to time, prescribe and alter such rules and regulations as it may deem necessary.
(B) The executive director, if and when employed by the Board, shall be the chief executive officer of the Authority, having such power and duties as the Board may prescribe.
(C) The secretary-treasurer shall keep the minutes of all meetings of the Board, and shall also keep a set of books showing the receipts and expenditures of the Board. He shall preserve on file duplicate vouchers for all expenditures and shall present to the Board, on request, complete reports of all financial transactions and the financial condition of the Board. He shall transmit, at least once annually, a detailed report of all acts and doings of the Board to the Council and Fiscal Court. He shall cause all moneys of the Authority coming into his hands to be deposited in one or more financial institutions, as designated by the Board from time to time.
(D) The board shall fix the salaries, wages, and other compensation of officers, agents, and employees whom it may engage from time to time. Such salaries, wages, and other compensation shall constitute obligations of the Authority only, and shall be payable from the Authority's revenues and any other available sources, and shall not constitute an obligation of the city or county.
(Ord. 717, passed 8-28-80)