(A) The governing body of the enterprise (the “governing body”) shall be the Town Board of Trustees, and shall be subject to all of the applicable laws, rules and regulations pertaining to the Board of Trustees. Whenever the Board of Trustees is in session, the governing body shall also be deemed to be in session.
(B) It shall not be necessary for the governing body to meet separately from the regular and special meetings of the Board of Trustees, nor shall it be necessary for the governing body to specifically announce or acknowledge that actions taken thereby are taken by the governing body of the enterprise. The governing body may conduct its affairs in the same manner and subject to the same laws which apply to the Board of Trustees for the same or similar matters; provided that, in accordance with C.R.S. § 37-45.1-104(2), the governing body may authorize the issuance of bonds by adoption of a resolution.
(Ord. 6-10, passed 10-13-2010)