(A) Establishment of Port Authority. A port authority to be known as the County Port Authority is hereby established and shall have the powers and jurisdiction enumerated in I.C. 8-10-5-1 through 8-10-5-20.
(B) Board of Directors. The Port Authority shall be governed by a Board of Directors consisting of five members, who shall be appointed by the Board of Commissioners of the county. Each Director shall have been a qualified elector of the county for a period of at least three years preceding his or her appointment. The Directors of the Authority first appointed shall serve staggered terms. Thereafter each successor shall serve for a term of four years, except that any person appointed to fill a vacancy shall be appointed to only the unexpired term, and any Director shall be eligible for reappointment. The County Board of Commissioners may remove a Director at any time for misfeasance, nonfeasance or malfeasance in office.
(C) Procedure. The Directors shall elect one of their membership as Chairperson, and another as Vice Chairperson, and shall designate their terms of office and shall appoint a Secretary, who need not be a Director. A majority of the Board of Directors shall constitute a quorum, the affirmative vote of which shall be necessary for any action taken by the Port Authority. No vacancy in the membership of the Board shall impair the rights of a quorum to exercise all the rights and perform all the duties of the Port Authority.
(D) Compensation of Board members. Each member of the Board of Directors of the Port Authority shall be entitled to receive from the Port Authority a sum of money as the Board of Directors may determine as compensation for his or her service as Director, and reimbursement for his or her reasonable expenses in the performance of his or her duties.
(1984 Code, § 11-60) (Res. R-C-91-1, passed 1-2-1991; Res. R-C-05-2, passed 1-17-2005)