Title 04 Administrative Agencies and Procedures
Chapter 04.25 Public Development Authority
Article II. Charter
The authority shall have two or more officers. The same person shall not occupy both office of president of the authority and the office responsible for the custody of funds and maintenance of accounts and finances. The initial officers of the authority shall be the president, secretary and treasurer of the board, which officers shall be appointed by the mayor. The secretary and treasurer need not be board members. Additional officers may be provided for in the bylaws of the authority. The president shall be the agent of the authority for service of process; the bylaws may designate additional corporate officials as agents to receive or initiate process. The corporate officers shall manage the daily affairs and operations of the authority and may delegate such tasks as the board deems advisable to other officers, employees and agents of the board. The board shall oversee the activities of the corporate officers, establish and/or implement policy, participate in corporate activity in matters prescribed by City ordinance and shall have stewardship for management and determination of all corporate affairs.
Date Passed: Monday, March 26, 2007
Effective Date: Sunday, May 6, 2007
Recodification ORD C33995 Section 1