35-705. Board of directors
The authority shall have a board of directors in which all powers of the authority
shall be vested and which shall consist of any number of directors, not less than three
nor more than nine, all of whom shall be duly qualified electors of the municipality or
county with respect to which the authority was formed. In the case of a corporation
formed with the permission of the Arizona board of regents the directors must be
qualified electors of this state. The directors shall serve as such without
compensation, except that they shall be reimbursed for their actual expenses incurred in
the performance of their duties in the same manner as is provided for other state
officers. No director shall be an officer or employee of the authorizing municipality or
county. All directors shall declare any conflict of interest as provided in title 38,
chapter 3, article 8. The directors shall be elected by the governing body of the
authorizing municipality or county, and they shall be so elected that they shall hold
office for overlapping terms. At the time of the election of the first board of
directors the governing body of the municipality or the county shall divide the directors
into three groups containing as nearly equal whole numbers as possible. The first term
of the directors included in the first group shall be two years, the first term of the
directors included in the second group shall be four years, the first term of the
directors included in the third group shall be six years, and thereafter the terms of all
directors shall be six years. The governing body may remove a director at any time, with
or without cause.
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