Section 41-10-305 – Members; Officers; Directors; Quorum; Vacancies; Salaries and Expenses; Liability.
Section 41-10-305 Members; officers; directors; quorum; vacancies; salaries and expenses; liability. The applicants named in the application and their respective successors in office shall constitute the members of the authority. At the time of initial selection by the commission of the individual citizens to incorporate the authority pursuant to Section 41-10-302, the commission shall designate […]
Section 41-10-306 – Resolutions and Proceedings of Board of Directors.
Section 41-10-306 Resolutions and proceedings of board of directors. All resolutions adopted by the board of directors shall constitute actions of the authority, and all proceedings of the board of directors shall be reduced to writing by the secretary of the authority, shall be signed by the members of the authority and shall be recorded […]
Section 41-10-307 – Powers of Authority.
Section 41-10-307 Powers of authority. The authority shall have the following powers among others specified in this article: (1) To have succession in its corporate name until the principal of and interest on all bonds issued by it shall have been fully paid and until it shall have been dissolved as provided herein; (2) To […]