Texas Utilities Code 163.059 – Board of Directors
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(a) The agency shall be governed by a board of directors. The board is responsible for the management, operation, and control of the property belonging to the agency.
(b) The board must include at least four directors. Each director must be appointed by place by the governing bodies of the participating public entities. Each participating public entity is entitled to appoint at least one director.
Terms Used In Texas Utilities Code 163.059
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
(c) Directors must serve staggered terms. Successor directors are appointed in the same manner as the original appointees.
(d) To qualify to serve as a director, a person must be a qualified voter and reside in the boundaries of the appointing public entity when the person takes the constitutional oath of office.
(e) An employee, officer, or member of the governing body of a public entity may serve as a director but may not have a personal interest in a contract executed by the agency other than as an employee, officer, or member of the governing body of the public entity.
(f) Directors serve without compensation.