Section 12-404 - Board of directors.
§ 12-404. Board of directors.
(a) In general.- A board of directors shall govern the district corporation.
(b) Membership.-
(1) Subject to paragraph (2) of this subsection, the board of a district corporation consists of five members appointed by the members of the district.
(2) Appointment procedures shall be provided in the local law establishing the district.
(c) Chair.- From among its members, the board shall elect a chair and other officers.
(d) Quorum.-
(1) Three voting members of the board are a quorum.
(2) The board may act on a resolution only by the affirmative vote of at least three voting members.
(e) Compensation; reimbursement for expenses.- A member of the board:
(1) may not receive compensation as a member of the board; but
(2) shall be reimbursed for expenses incurred in performing the member's duties.
(f) Exercise power by resolution.- The board shall exercise its powers by resolution.
(g) Annual report.- The board shall file an annual report with the governing body of the county or municipal corporation that includes:
(1) a financial statement for the preceding year;
(2) a proposed operating budget for the current fiscal year;
(3) any proposed revisions to the business plan; and
(4) a narrative statement or chart showing the results of operations in comparison to stated goals and objectives.
[2010, ch. 461.]