(A) The Authority shall be under the control of a Board of Directors consisting of three members, who must be residents of the city appointed by the Mayor.
(B) A member is entitled to serve a three-year term. A member may be reappointed to subsequent terms.
(C) If a vacancy occurs on the Board, the Mayor shall file the vacancy by appointing a new member for the remainder of the vacated term.
(D) A Board member may be removed for cause by the Mayor.
(E) Each member, before entering upon the duties of office, must take and subscribe an oath of office under IC 5-4-1, which shall be endorsed the certificate of appointment and filed with the records of the Board.
(F) A member may not receive a salary, and no profit or money of the Authority inures to the benefit of a member.
(Ord. 60-7-89, passed 7-10-89)