(a) The first trustees of the building authority shall, within thirty (30) days after their appointment, meet at a time and place designated by the circuit court for the county for the purpose of electing officers. The trustees shall elect from among themselves a president, a vice president, and a secretary. Each of these officers shall serve from the day of the officer's election until the first Monday in January after the officer's election, and holds over until the officer's successor is elected and qualified.(b) At the meeting under this section, the trustees shall also appoint the first board of directors of the building authority, in the manner prescribed by section 11 of this chapter.(c) After appointing the first board of directors of the building authority, the trustees shall meet on the first Monday in January of each year for the purpose of:(1) electing officers;(2) appointing the directors of the building authority; and(3) performing any other duties under this chapter.[Pre-Local Government Recodification Citation: 19-8-4-4 part.]As added by Acts 1981, P.L.309, SEC.86. Amended by P.L.127-2017, SEC.304.
Indiana Legal Code