Within sixty (60) days after its appointment, the Board shall meet, organize and elect a vicechairman from among its members. Said officer shall act in substitution of the chairman in case of absence, illness or disability of the latter. The Board shall appoint and fix the compensation of a general manager of the Corporation and of a secretary of the Board, none of whom shall be a member of the Board. Said officers shall hold office at the will of the Board.
The Board may delegate to the general manager or to any other officers, agents or employees of the Corporation such powers and duties as it may deem proper. The general manager shall be the executive officer of the Corporation and shall be responsible to the Board for the execution of its policy and for the general supervision of its officers, employees and agents, as well as for the operational phases of the Corporation.
History —July 2, 1975, No. 145, p. 433, § 6.