Sec. 5. (a) Immediately after January 15 each year, the board shall hold an organizational meeting. It shall elect one (1) of the members president, another vice president, another secretary, and another treasurer to perform the duties of those offices. The officers serve from the date of their election until their successors are elected and qualified.
(b) The board may adopt the bylaws and rules that it considers necessary for the proper conduct of its duties and the safeguarding of the funds and property entrusted to its care. 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 Acts 1982, P.L.77, SEC.28.
Structure Indiana Code
Article 10. Recreation, Culture, and Community Facilities
Chapter 9. Marion County Capital Improvement Board
36-10-9-1. Application of Chapter
36-10-9-3. Creation of County Board of Managers; Powers of County
36-10-9-4. County Board of Managers; Membership; Terms; Vacancies; Oath of Office; Compensation
36-10-9-5. County Board of Managers; Organizational Meetings
36-10-9-6. County Board of Managers; Powers and Duties as Capital Improvement Board of Managers
36-10-9-6.5. Prohibition on Certain Contract Limitations for a Project
36-10-9-7. Procurement of Materials and Work; Emergency Procedure; Title to or Interest in Property
36-10-9-8. Annual Budget; Capital Improvement; Issuance of Bonds
36-10-9-8.1. Long Range Financial Plan
36-10-9-9. Treasurer; Controller; Duties; Board of Accounts Audits
36-10-9-10. Capital Improvement Fund
36-10-9-11. Capital Improvement Bond Fund
36-10-9-13. Revenue Bonds; Trust Agreement; Resolution; Operating Expenses
36-10-9-14. Tax Covenant With Bond Purchasers
36-10-9-15. General Obligation Bonds
36-10-9-17. Rights of Holders of Notes or Bonds
36-10-9-19. Contracts of Board, State, and Political Subdivisions
36-10-9-20. State Appropriation
36-10-9-21. Borrowing in Anticipation of Funds
36-10-9-22. Defense and Indemnity of Officers and Employees in Legal Actions