LD 113
pg. 4
Page 3 of 7 An Act to Transfer State Ownership of Certain Railroad Rights-of-way and Create... Page 5 of 7
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LR 23
Item 1

 
2.__Terms.__Each director serves a 2-year term, except that
each appointing governing body under subsection 1 initially
appoints one director who serves for one year and one director
who serves for 2 years.

 
3.__Election of officers; bylaws.__The authority shall elect
from among its members a president, a treasurer, a clerk and
other officers the authority considers appropriate.__The
authority shall adopt bylaws for the conduct of the affairs of
the authority.

 
4.__Meetings of directors; compensation.__All the powers of
the authority may be exercised by the board of directors and a
majority of the directors then in office is necessary for a
quorum.__Regular meetings of the board of directors may be
established by bylaw.__The authority president may call a
meeting at any time and shall call a meeting when requested in
writing by at least 1/3 of the members of the board of
directors.__Each director is entitled to compensation pursuant
to Title 5, section 12004-F, subsection 19.

 
§8213. Conflict of interest

 
A director, officer or employee of the authority may not be
interested directly or indirectly in any contract entered into
by or in behalf of the authority for work or material or the
purchase of material or in any property acquired or to be
acquired by the district.

 
§8214. Powers

 
The authority may:

 
1.__Suit.__Sue and be sued;

 
2.__Seal.__Have a seal and alter the seal at pleasure;

 
3.__Bylaws; rules.__Adopt from time to time and amend bylaws
covering its procedure and rules for the purposes set forth in
this chapter, develop and adopt rules, publish bylaws and
rules as necessary or advisable and cause records of its
proceedings to be kept.__Rules adopted pursuant to this
subsection are routine technical rules as defined in Title 5,
chapter 375, subchapter 2-A;

 
4.__Employees.__Employ any assistants, attorneys, experts,
inspectors and other employees and consultants the authority
considers necessary or desirable for its purposes;

 
5.__Department of Transportation.__Utilize the services of
the Department of Transportation that are available and


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