Sec. 7. (a) Immediately after January 15 of each year, the development board shall hold an organizational meeting. It shall elect one (1) of the members of the development board president, another vice president, and another secretary-treasurer to perform the duties of those offices. These officers serve from the date of their election and until their successors are elected and qualified. The development board may elect an assistant secretary-treasurer.

lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 8-22-3.7-7

  • development board: refers to the board of directors of a development authority. See Indiana Code 8-22-3.7-4
  • Quorum: The number of legislators that must be present to do business.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) Special meetings may be called by the president of the development board or any two (2) members of the development board.

     (c) A majority of the members constitutes a quorum, and the concurrence of a majority of the members is necessary to authorize any action.

As added by P.L.108-1993, SEC.11.

  Previous section
Next section  
 Chapter 3.7 Contents