40-1122

40-1122. Powers and duties of the
board

A. The board of directors shall:

1. Be the governing body of the authority and, in compliance with the provisions of
this article, shall determine all questions of policy of the authority.

2. Fix the time and place at which its regular meeting shall be held, and shall
provide for the calling and holding of special meetings.

3. Determine what transportation facilities should be acquired or constructed to
provide the standards of public service determined by it to be necessary and reasonably
supportable.

4. Fix the location of the principal place of business of the authority and the
location of all offices and departments.

5. Supervise and regulate every transportation facility owned and operated by the
authority, including the fixing of routes, rates, fares, rentals, charges and
classifications thereof, and the making and enforcement of rules, regulations, contracts,
practices, and schedules for or in connection with any transportation facility owned or
controlled by the authority. The board shall establish such policies, insofar as
practical, so as to result in revenue which will make the authority self-supporting.

6. Prescribe by resolution a system of business administration and create any and
all necessary offices and positions of employment, and select and employ, and establish
and reestablish, the powers, duties and compensation of all officers and employees,
prescribe the periods, terms and conditions of their employment, and require and fix the
amount of all official bonds necessary for the protection of funds and property of the
authority.

7. Cause a semiannual audit to be made on all books and accounts of the authority
by an independent certified public accountant.

8. As soon as practical after the close of each fiscal year, submit to the chief
administrative officer and the governing body of any city and any county whose area or a
portion thereof is within the authority a financial report showing the result of
operations during the preceding fiscal year and the financial status of the authority on
the final day thereof. Copies of the report shall be supplied to the general public upon
request and shall be published in the newspaper having the largest circulation in the
authority.

B. The board of directors may:

1. Contract and take all actions and proceedings and do any and all other things
necessary to carry out the purposes of this article.

2. Contract for or employ any professional services required by the authority or
for the performance of work or services for the authority, which, in the opinion of the
board, cannot satisfactorily be performed by the officers or the employees of the
authority.

3. Adopt bylaws to govern the operation of the authority.

4. By resolution, delegate and redelegate to officers of the authority power to
employ clerical, legal and engineering assistance and labor, and, under such conditions
and restrictions as shall be fixed by the directors, power to bind the authority by
contract.

5. Provide by resolution, under such terms and conditions as it sees fit, for the
payment of demands against the authority without prior specific approval thereof by the
board if the demand is for a purpose for which an expenditure has been previously
approved by the board in an amount no greater than the amount so authorized, and if the
demand is approved by the general manager or such other officer or deputy as the board
may prescribe.

6. On behalf of the authority borrow money and issue bonds.