Sec. 15.
(1) The board of directors shall be appointed for staggered terms as prescribed by an ordinance of the municipality.
(2) A director whose term of office has expired shall continue to hold office until the chief executive officer appoints the director's successor, with the approval of the municipality's governing body.
(3) A director shall serve without compensation, but may be reimbursed for the actual expenses incurred in the performance of his or her official duties.
History: 1995, Act 75, Imd. Eff. June 13, 1995
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 75 of 1995 - Empowerment Zone Development Corporation Act (125.2561 - 125.2591)
Section 125.2561 - Short Title.
Section 125.2563 - Legislative Findings.
Section 125.2565 - Definitions.
Section 125.2569 - Articles of Incorporation; Filing; Validity.
Section 125.2571 - Incorporation of More Than 1 Corporation Prohibited.
Section 125.2577 - Disclosure of Interest in Matter Before Corporation.
Section 125.2579 - Board of Directors; Quorum.
Section 125.2581 - Corporation; Powers and Duties.
Section 125.2583 - Corporation; Dissolution.
Section 125.2585 - Imposition of Sanctions; Basis; Approval.
Section 125.2589 - Construction of Act.
Section 125.2591 - Authority of Act in Addition to Power of Municipality.