(A) Chairperson. A member of the Quincy Economic Development Loan Committee shall be designated by the Mayor as its Chairperson. Once designated, the Chairperson shall continue to serve at the pleasure of the Mayor until the appointment of a new Chairperson or until the termination of the member’s term. The removal of the Chairperson shall not have the effect of limiting the member’s term of office as a member of the Committee. The Chairperson may resign as Chairperson and continue as a member of the committee. In the temporary absence of the Chairperson, the members of the committee may designate an acting Chairperson to serve in the Chairperson’s absence. The committee may also appoint a Secretary who may, but need not be, a member of the committee and may be a person employed by or holding an office with the city.
(B) Rules. The Quincy Economic Development Loan Committee may adopt rules or bylaws for the conduct of its business as it may deem necessary or desirable, consistent with this subchapter, other applicable ordinances of the city and to terms and conditions of the Quincy Economic Development Plan as now or hereafter adopted. The rules or bylaws may include, but shall not be limited to, rules or bylaws relative to the administration of the loan guaranty and direct loan programs of the Quincy Economic Development Plan.
(C) Meetings. The Quincy Economic Development Loan Committee shall meet regularly at times and places as it may determine. Special meetings, as are necessary or desirable, may be called from time to time by the Chairperson or any two members thereof.
(D) Quorum. A quorum of the Quincy Economic Development Loan Committee shall be a majority of its members, including the Chairperson.
(1980 Code, § 11.1603)