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80-2372
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80-2372
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8/16/2005 12:46:54 PM
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8/16/2005 10:48:36 AM
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<br />",- ;. <br />, <br /> <br />" <br /> <br />Wllich shall be held no later than 15 days after such call. <br /> <br />Section 4. The first meeting of the Board shall be the <br /> <br />organizational meeting of the Authority. At the organizational <br /> <br />meeting, and at each annual meeting thereafter, the Board shall <br /> <br />select fro~ among the directors a chairman, a vice-chairman, <br /> <br />and a secretary-treasurer. <br /> <br />section 5. At the organizational meeting, or as soon there- <br /> <br />after as it may reasonably be done, the Board shall adopt by-laTds - <br /> <br />governing its procedures, including the time, place, notice for <br /> <br />and frequency of its regular meetings, procedure for calling <br /> <br />special meetings, and such other matters as are required by <br /> <br />this ugreement. The Board may amend the by-lal-ls from time to <br /> <br />L <br /> <br />-. <br />'tine. The Board shall meet at least once each year and on such <br /> <br />ot.~er dates as may be provided in its by-lmls. <br /> <br />VIII. POI-fiRS AND DU'l'IES OF THE BOARD OF DIRECTORS <br /> <br />Section 1. The powers and duties of the BOurd of Directors <br /> <br />of the Authority are set forth in this articl~. <br /> <br />Section 2. The Board may malce such contracts and enter <br /> <br />into such agreements as it deems necessary to make effective <br /> <br />any power granted to the Authority by this agreement. .It may <br /> <br />contract with any of its members or others to provide space, <br /> <br />services or materials on behalf of the Authority'. <br /> <br />Section 3. It may provide for the prosecution, defense, <br /> <br />or other participation in actions or proceedings at laH in which <br /> <br />it may have an interest, and may employ counsel for that purpose. <br /> <br />It may employ such other persons as it deems necessary to acco::nplish <br /> <br />its powers and duties. Such employees may be on a full-time or <br /> <br />-5- <br />
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