As soon as may be practicable after completion of the incorporation as provided in Sections 45-29-90.02 and 45-29-90.03, the board of directors shall hold their first meeting at Fayette, Alabama, elect a chair, vice chair, and secretary-treasurer, set a regular time and place for meetings of the board, and attend to such other matters as may be appropriate. The chair, vice chair, and secretary-treasurer shall be elected from the membership of the board.
(1) Directors shall serve without compensation, except reimbursement for actual traveling expenses and other necessary expenses incurred in the performance of their official duties, such expenses to be reimbursed from such funds as may be available to the authority. The Fayette County Commission shall provide office space and staff for the authority.
(2) The quorum necessary for the board of directors to hold valid meetings and to take valid action or transact business shall be four members.
Structure Code of Alabama
Article 9 - Economic and Industrial Development and Tourism.
Section 45-29-90 - Definitions.
Section 45-29-90.01 - Tom Bevill Reservoir Management Area.
Section 45-29-90.02 - Board of Directors.
Section 45-29-90.03 - Certificate of Incorporation.
Section 45-29-90.04 - Meetings; Officers.
Section 45-29-90.05 - Powers, Duties, and Functions of Authority.
Section 45-29-90.06 - Developmental Plans.
Section 45-29-90.07 - Acquisition of Property.
Section 45-29-90.08 - Contractual Powers; Additional Powers.
Section 45-29-90.09 - Bonds Authorized.
Section 45-29-90.10 - Levy of Taxes; General Fund.
Section 45-29-90.11 - Regulation of Zoning, Planning, and Construction.
Section 45-29-90.12 - Rates, Fees, and Charges for Services.
Section 45-29-90.13 - Execution of Bonds; Pledge of Revenues, Receipts, and Other Security.
Section 45-29-90.14 - Contracts to Secure Bonds and Assumed Obligations.
Section 45-29-90.15 - Statutory Mortgage Lien.
Section 45-29-90.16 - Disposition of Funds.
Section 45-29-90.17 - Exemption From Taxation.
Section 45-29-90.18 - Monetary Contributions by County and Municipalities.
Section 45-29-90.19 - Freedom of Authority From State Supervision and Control.
Section 45-29-90.20 - Use of Public Roads.
Section 45-29-90.21 - Annual Report.
Section 45-29-90.22 - Cooperation of State Agencies.