The business and affairs of the MSBU shall be conducted and administered by a governing
board of five directors, who shall be qualified electors residing in the MSBU. Said
directors, upon their appointment or election and qualification as provided in section
3 and annually in December, shall organize by electing from their number a chairman,
and a vice-chairman. The directors shall not receive any compensation for their service
but shall receive reimbursement for out-of-pocket expenses incurred for the conduct
of the business and affairs of the MSBU. Each director shall, before he enters upon
his duties as such director, execute for the benefit of the MSBU, a good and sufficient
fiduciary bond in the sum of $1,000.00 with a qualified corporate surety conditioned
to faithfully perform the duties of such director and to account for all funds to
come into his hands as such director. All premiums for such surety on all such bonds
shall be paid from the funds of the MSBU
Pursuant to state statute, the board of county commissioners is deemed to be the governing
body of the MSBU and it shall be responsible for overseeing the MSBU, the approval
of its budget and ratifying the amount of any annual assessments imposed within its
boundaries.
(
Ord. No. 16-05
, § 2, 3-15-16)
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