(a) Immediately after the filing of the order of the circuit court issued under § 14-189-104, the governing body of each petitioning local government shall appoint the persons to be the members of the board of directors of the industrial development authority established by the order of the circuit court in accordance with the order as to the number of members to be selected by the respective petitioning local governments.
(b) The total number of the members of the board of directors of the industrial development authority established by the order shall be an odd number, each petitioning local government shall have at least one (1) representative as a member of the board of directors of the industrial development authority, and the number of members that represent each petitioning local government shall be apportioned in the ratio that each petitioner's population bears to the total population of all petitioners.
(c) (1) The term of each member of the board of directors of the industrial development authority shall be for three (3) years from the date of his or her appointment, and he or she shall serve for that term and thereafter until his or her successor shall be duly appointed and qualified.(2) At the expiration of the term of each member of the board of directors of the industrial development authority, the governing body of the local government that is represented on the board of directors of the industrial development authority by the member shall appoint a successor member or may reappoint the same member to another term.
(1) The term of each member of the board of directors of the industrial development authority shall be for three (3) years from the date of his or her appointment, and he or she shall serve for that term and thereafter until his or her successor shall be duly appointed and qualified.
(2) At the expiration of the term of each member of the board of directors of the industrial development authority, the governing body of the local government that is represented on the board of directors of the industrial development authority by the member shall appoint a successor member or may reappoint the same member to another term.
(d) (1) Except as provided in subdivision (d)(2) of this section, a vacancy on the board of directors of the industrial development authority shall be filled by the governing body of the local government represented on the board of directors of the industrial development authority by the vacating member.(2) (A) If a vacancy on the board of directors of the industrial development authority is not filled by the governing body under subdivision (d)(1) of this section within ninety (90) days after the vacancy occurs, a majority of the remaining members of the board of directors of the industrial development authority shall promptly fill the vacancy by appointing a qualified person to serve for either the unexpired portion of the term of the vacated member or for a new term if the vacating member is unable to serve until a new member is otherwise appointed and qualified.(B) For the purposes of this section, the expiration of a member's term does not create a vacancy unless the member whose term has expired is unable to serve until his or her successor is appointed and qualified.
(1) Except as provided in subdivision (d)(2) of this section, a vacancy on the board of directors of the industrial development authority shall be filled by the governing body of the local government represented on the board of directors of the industrial development authority by the vacating member.
(2) (A) If a vacancy on the board of directors of the industrial development authority is not filled by the governing body under subdivision (d)(1) of this section within ninety (90) days after the vacancy occurs, a majority of the remaining members of the board of directors of the industrial development authority shall promptly fill the vacancy by appointing a qualified person to serve for either the unexpired portion of the term of the vacated member or for a new term if the vacating member is unable to serve until a new member is otherwise appointed and qualified.(B) For the purposes of this section, the expiration of a member's term does not create a vacancy unless the member whose term has expired is unable to serve until his or her successor is appointed and qualified.
(A) If a vacancy on the board of directors of the industrial development authority is not filled by the governing body under subdivision (d)(1) of this section within ninety (90) days after the vacancy occurs, a majority of the remaining members of the board of directors of the industrial development authority shall promptly fill the vacancy by appointing a qualified person to serve for either the unexpired portion of the term of the vacated member or for a new term if the vacating member is unable to serve until a new member is otherwise appointed and qualified.
(B) For the purposes of this section, the expiration of a member's term does not create a vacancy unless the member whose term has expired is unable to serve until his or her successor is appointed and qualified.
(e) Before entering upon his or her duties, each member of the board of directors of the industrial development authority shall take and subscribe and file in the office of the circuit clerk of the county where the order establishing the industrial development authority was filed an oath to support the United States Constitution and the Arkansas Constitution and faithfully to perform the duties of the office upon which he or she is about to enter.
(f) To be eligible for membership on the board of directors of the industrial development authority, a person, at the time of his or her appointment and qualification by filing the required oath, must be a qualified elector of the municipality or of the county, as the case may be, that he or she represents on the board of directors of the industrial development authority.
(g) (1) (A) The board of directors of each industrial development authority shall select one (1) of its members as chair, one (1) of its members as secretary, and one (1) of its members as treasurer.(B) The offices of secretary and treasurer may be combined and held by one (1) member.(2) The term and duties of the officers shall be fixed by resolution of the board of directors of each industrial development authority.
(1) (A) The board of directors of each industrial development authority shall select one (1) of its members as chair, one (1) of its members as secretary, and one (1) of its members as treasurer.(B) The offices of secretary and treasurer may be combined and held by one (1) member.
(A) The board of directors of each industrial development authority shall select one (1) of its members as chair, one (1) of its members as secretary, and one (1) of its members as treasurer.
(B) The offices of secretary and treasurer may be combined and held by one (1) member.
(2) The term and duties of the officers shall be fixed by resolution of the board of directors of each industrial development authority.