A. The governing body of the authority is a board of directors consisting of three qualified electors of the authority; provided that, after single-member districts are created pursuant to Subsection B of Section 72-20-10 N.M. Stat. Ann. and after the expiration of the terms of any directors-at-large who are serving at the time that single- member districts are created:

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(1)     each director shall reside within and represent a specified district; and

(2)     if a director no longer resides within the district that the director represents, the director’s position shall be deemed vacant and a successor shall be appointed to serve the unexpired term pursuant to Section 72-20-12 N.M. Stat. Ann..

B. All powers, rights, privileges and duties vested in or imposed upon the authority are exercised and performed by and through the board of directors; provided that the exercise of any executive, administrative and ministerial powers may be, by the board, delegated and redelegated to officers and employees of the authority or to any officer or employee contracted by agreement to manage and administer the operations of the authority. Except for the first directors appointed as provided for in Section 72-20-9 N.M. Stat. Ann. or elected as provided in Section 72-20-10 N.M. Stat. Ann. and except for any director chosen to fill an unexpired term, and except for the first directors serving after the authority is divided into single-member districts, the term of each director runs for six years. Each director, subject to such exceptions, shall serve a six-year term, and each director shall serve until a successor has been duly chosen and qualified.