Sec. 9. (a) The executive director appointed under section 3 of this chapter shall, in addition to other duties fixed by the directors:
(1) administer, manage, and direct the employees of the bank;
(2) approve all amounts for salaries, allowable expenses of the bank or of any employee or consultant of the bank, and expenses incidental to the operation of the bank; and
(3) attend the meetings of the board, keep a record of the proceedings of the board, and maintain all books, documents, and papers filed with the bank, the minutes of the board, and the bank's official seal.
(b) The executive director may:
(1) cause copies to be made of all minutes and other records and documents of the bank; and
(2) give certificates under seal of the bank to the effect that those copies are true copies, and all persons dealing with the bank may rely upon those certificates.
As added by P.L.42-1985, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.4. Local Public Improvement Bond Banks
Chapter 2. Establishment and Organization
5-1.4-2-1. Local Public Improvement Bond Bank; Establishment; Nature; Purpose
5-1.4-2-2. Board of Directors; Establishment; Membership; Appointment; Vacancy
5-1.4-2-5. Action by Affirmative Vote of Three Directors; Effect of Vacancy
5-1.4-2-6. Surety Bonds; Issuer; Cost
5-1.4-2-7. Disclosure of Interest in Contract; Abstention; Validity of Contract
5-1.4-2-8. Liability of Director or Issuer of Bonds or Notes