(A) Pursuant to the Act, the Council President shall appoint the three directors of the Board. The Council President may at any time remove a director when, in the Council President's judgement, it is for the best interest of the Department. The Clerk-Treasurer of the town shall serve as the chief fiscal officer of the Department.
(B) The directors of the Board shall be at least eighteen years of age and must be residents of the Waterworks District. Directors shall take and subscribe an oath of office before beginning the duties thereof and shall execute a bond as fixed by the Clerk-Treasurer of the town. Not more than two of the directors may be of the same political party.
(C) Except for the initial appointments as herein provided, each director shall serve for one year from the first day of January after his or her appointment and until his or her successor is appointed and has qualified. The original directors shall serve from the date of their appointment through the following terms: the first director appointed shall serve a term ending December 31, 2016, the second director appointed shall serve a term ending December 31, 2017 and the third director appointed shall serve a term ending December 31, 2018. If a vacancy occurs, a successor shall be appointed by the Council President, and the successor shall serve for the remainder of the vacated term.
(D) No director of the Board shall be entitled to any salary, per diem allowance or other compensation, except reimbursement for expenses necessarily incurred in the performance of such director's duties.
(E) The Board shall annually elect as officers a President, Vice-President and Secretary. The Board shall hold regularly scheduled meetings at least once a month, at times and places prescribed by its rules, by-laws or by resolution. A special meeting of the Board may be called by the President or by two of the directors, at any place in the Department's jurisdiction as designated in the notice of the meeting. Each director shall be notified of the time and place of a special meeting by written notice delivered at least 48 hours in advance of the meeting, which notice may be delivered electronically. The notice requirement may be waived as to a director who attends the meeting, or who executes a written waiver of notice either before or after the meeting.
(F) Two directors shall constitute a quorum for the transaction of business. An affirmative vote of a majority of the entire Board shall be required for action by the Board.
(G) The Board shall have control over, and shall exercise the powers and duties over, the waterworks of the town as prescribed by IC 8-1.5-3-3(a)(4), 8-1.5-3-4, 8-1.5-4-4 and as otherwise provided in the Act. Upon the initial appointment of the directors, the Board shall immediately take such actions as are necessary and appropriate to commence exercising their control, powers and duties over the waterworks of the town and the Council and all other departments of the town shall take notice of the Board's existence and its authority in that regard.
(Ord. 2015-16, passed 9-10-15)