35-805. Board of directors
The corporation shall have a board of directors in which all powers of the
corporation shall be vested and which shall consist of not less than three nor more than
nine directors, all of whom shall be duly qualified electors of the municipality or
county in which the corporation was formed. Decisions of the board of directors shall be
by majority vote. The directors shall serve without compensation except that they shall
be reimbursed for their actual expenses incurred in the performance of their duties. No
director shall be an officer or employee of the authorizing municipality or county. The
initial directors shall be elected by the incorporators of the corporation. Directors
shall hold office for overlapping terms. At the time of the election of the first board
of directors the directors shall be divided into three groups containing as nearly equal
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. The terms of all directors thereafter shall be six years. The directors shall
elect their successors and fill vacancies in the board of directors, subject to the
approval of the governing body of the authorizing county or municipality.
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