[Amended 8-12-2008 by Ord. No. O-08-24]
The Business and City Industrial Development
Authority is hereby created to consist of a Board of Directors of
at least nine but no more than 15 members appointed by the Mayor and
confirmed by the Board of Aldermen, which shall have full power, duties
and responsibilities authorized under RSA Chapter 162-G.
A.
All Business and Industrial Development Authority
Directors shall be appointed for terms of three years, and each Director
shall serve until his successor shall have been appointed. At all
times, there shall be a majority of the Directors residing within
the boundaries of the City.
B.
In addition to the directors to be appointed by the
Mayor, the President of the Board of Aldermen, or his/her aldermanic
designee, the City Treasurer and the Mayor shall serve as ex officio
members of the Board.
[Amended 8-12-2008 by Ord. No. O-08-24]
Organization of the Business and Industrial
Development Authority shall take place immediately following confirmation
of its members, annually in the month of January by the choice of
one of its members as Chairman. It shall also elect a clerk and any
other necessary officers to serve for one year or until their successors
are chosen.
All action by the Business and Industrial Development
Authority shall be authorized by resolutions of the Board passed on
the affirmative votes of at least 2/3 of the Board members present
and voting.
Minutes of all meetings and records of all votes
of the Business and Industrial Development Authority shall be filed
with the City Clerk within 15 days of the meeting or vote. The Authority
shall at the close of each year make a detailed report to the Board
of Aldermen of its activities for that year.
