HARRY HUGHES, Governor

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(II)  A VICE-CHAIR; AND

(III)  ANY OTHER OFFICERS IT REQUIRES.
(2) EACH MEMBER OF THE AUTHORITY;

(I)   SERVES WITHOUT COMPENSATION; AND

(II)   IS ENTITLED TO REIMBURSEMENT FOR
EXPENSES IN ACCORDANCE WITH THE STANDARD STATE TRAVEL
REGULATIONS.

18-1305. OFFICERS; QUORUM; BONDS; NOT STATE DEBT.

(A)  (1) THE AUTHORITY MAY APPOINT AN EXECUTIVE
DIRECTOR AND A GENERAL COUNSEL, AND ANY OTHER OFFICERS, NONE
OF WHOM MAY BE MEMBERS OF THE AUTHORITY.

(2)  THE EXECUTIVE DIRECTOR SHALL:

(I)   SERVE AT THE PLEASURE OF THE
AUTHORITY; AND

(II)  RECEIVE COMPENSATION AS FIXED BY THE
AUTHORITY.

(3)  THE EXECUTIVE DIRECTOR OR OTHER PERSON
DESIGNATED BY RESOLUTION OF THE AUTHORITY:

(I)   SHALL KEEP A RECORD OF THE PROCEEDINGS
OF THE AUTHORITY;

(II)   SHALL BE CUSTODIAN OF ALL BOOKS,
DOCUMENTS AND PAPERS FILED WITH THE AUTHORITY, THE MINUTE
BOOK OR JOURNAL OF THE AUTHORITY, AND ITS OFFICIAL SEAL; AND

(III)  MAY CAUSE COPIES TO BE MADE OF ALL
MINUTES AND OTHER RECORDS AND DOCUMENTS OF THE AUTHORITY AND
MAY GIVE CERTIFICATES UNDER THE OFFICIAL SEAL OF THE
AUTHORITY TO THE EFFECT THAT THE COPIES ARE TRUE COPIES, AND
ALL PERSONS DEALING WITH THE AUTHORITY MAY RELY UPON THE
CERTIFICATES.

(B)  (1) 5 6 MEMBERS OF THE AUTHORITY CONSTITUTE A
QUORUM.

(2) THE AFFIRMATIVE VOTE OF A MAJORITY OF THE
MEMBERS PRESENT, AND NOT LESS THAN -4- 5 VOTES, IS
NECESSARY FOR ANY ACTION TAKEN BY THE AUTHORITY.

(C) (1) A VACANCY IN THE MEMBERSHIP OF THE AUTHORITY
MAY NOT IMPAIR THE RIGHT OF A QUORUM TO EXERCISE ALL THE
RIGHTS AND PERFORM ALL THE DUTIES OF THE AUTHORITY.