(a)
(1) The officers of the corporation shall consist of a chairman, vice chairman, a secretary, a treasurer, and such other officers as the board shall deem necessary to accomplish the purposes for which the corporation was organized.
(2) The offices of secretary and treasurer may, but need not, be held by the same person.
(b)
(1) The chairman and vice chairman of the corporation shall be elected by the board from its membership.
(2) The secretary, the treasurer, and any other officers of the corporation, who may, but need not, be members of the board, shall also be elected by the board.
Structure Arkansas Code
Subtitle 8 - Public Facilities Generally
Chapter 138 - Public Corporations For Municipal Facilities
§ 14-138-101. Legislative intent
§ 14-138-104. Authority generally
§ 14-138-105. Authority and procedure to incorporate
§ 14-138-106. Certificate of incorporation
§ 14-138-107. Execution and recording of certificate
§ 14-138-108. Board of directors
§ 14-138-110. Powers generally
§ 14-138-111. Lease agreements
§ 14-138-112. Conveyance of property by lessee
§ 14-138-113. Tax exemption of projects
§ 14-138-114. Issuance of bonds
§ 14-138-115. Notice of bond resolution
§ 14-138-116. Execution of bonds
§ 14-138-117. Security for bonds
§ 14-138-118. Eligibility of bonds as investment
§ 14-138-119. Bonds — Tax exemption
§ 14-138-120. Proceeds from sale of bonds