Conference/Public Meeting Agendas/Documents — Packet

(d) Two (2) persons, who either live in the Township, work in the District or own property in the Township, shall be elected at the Annual Meeting by the Members. Except as hereinafter provided, these persons shall be elected for a term of four (4) years. The initial two (2) persons elected shall randomly be chosen to serve a two (2)-year term, a three (3)-year term and a four (4)-year term. (e) The Township Planner will be a non-voting member who acts as a liaison between the Planning Department and the Corporation. 5. All vacancies of an appointment of the Mayor or Township Council will be filled by the person whose appointment is vacant to fulfill the remainder of the term. If a vacancy of an elected member occurs, the Board Members shall appoint a person to fill the vacancy until the next Annual Meeting at which time a new member will be elected at the Annual Meeting to complete the vacant term. 6. The Board shall elect an Executive Board that will consist of a President, Vice President, Treasurer and Secretary. 7. All members of the Board of Trustees will serve on a volunteer basis and none will receive any form of compensation for service on the Board. For all Board of Trustees meetings, a majority of members will constitute a quorum. 8. All Board Members shall disclose any and all business interests which may be involved or affected in the District. A Board Member shall recuse himself/herself from consideration and voting on any contract or direct expenditure to the Board Member, his/her business or any family members' business. In the event a Board Member is unsure about a possible conflict, said member shall state the possible conflict and the Township Attorney shall determine if a conflict exists. 9. The Board of Trustees will: (a) Adopt and amend the bylaws, rules, regulations and policies in connections with the performance of its duties and the regulation of its affairs. (b) Publish an annual Program of Work, copies of which will be delivered to the Township Council. (c) Adopt an annual budget that will be submitted for approval by the Township Council. (d) Elect officers and develop working committees for the District. (e) Retain appropriate

Adopt an annual budget that will be submitted for approval by the Township Council. (d) Elect officers and develop working committees for the District. (e) Retain appropriate insurance for the Corporation and its Board. (f) Hire persons as may be required to perform its duties and pay their compensation from funds available to the Corporation. 10. At the regular Board meeting one (1) month prior to the expiration of terms, the Board's Nominating Committee shall submit a slate of candidates for election to the Board, to which may be supplemented by nominations from other members. The Secretary of the Board will attest to the eligibility of each candidate. 11. The Board of Trustees will hold regular monthly meetings and conduct an Annual Meeting. The meeting schedule will be prominently posted in Town Hall and announced in the newspaper of record. Meeting minutes, financial statements and other pertinent documents will be available for inspection during normal business hours at the Board's offices. 12. The Board of Trustees shall implement the purpose of this ordinance. Among its powers and obligations necessary to fully implement these purposes are: 173