(A) The Park Commission shall consist of three members, to be appointed by the Mayor, with the approval of a majority of the members of City Council, for terms of four years. However, the members first appointed shall be so appointed that the terms of the members will expire in different years. The members shall serve without compensation. The members shall be legal voters of the city. If any member during the term of his office becomes a candidate for, or is elected or appointed to any public office, he shall automatically vacate his membership on the Commission and another person shall be appointed in his place; but this provision shall not prevent a member of the Commission from serving as a member of any other appointive commission of the city, county, state, or federal government.
(B) Any member of the Commission may be removed by the vote of three-fourths of the elected members of the City Council. Vacancies shall be filled in the same manner as in the original appointment. The city may require each Commissioner to execute a bond in the penal sum of $1000. If the Commissioners are required to execute bonds, the bonds shall be approved by the City Council, and the cost thereof may either be paid by the city or by the Commission out of its revenue.
(C) The Commission shall provide rules and regulations for the management of city recreational projects, and out of the revenue derived from such projects, it shall pay all operating expenses, provide for necessary repairs and additions, provide a sufficient reserve fund to insure the buildings and improvements against fire and tornado, provide a fund for payment of any incidental or emergency expenses that may arise, and set up a fund to provide for the payment of any debts created in connection with the establishment and maintenance of such recreational projects.
(D) The Commission may levy and collect fees for the use of, or admission to recreational projects and expend or invest the income from such fees for the purposes set forth in this section.
(KRS 97.120) (Ord. 339-1946, passed 6-27-46; Am. Ord. 84-1960, passed 2-15-60; Am. Ord. 31-1969, passed 12-29-69)