71 Pa. Stat. § 1707.7
The powers of the Authority shall be exercised by a governing body consisting of the members of the Authority acting as a board. Within ninety (90) days after this act shall become effective, the board shall meet and organize by electing from their number a president, a treasurer and a secretary. At the first regular meeting in each year thereafter, they shall elect from their number a president, a treasurer and a secretary.
Seven (7) members shall constitute a quorum of the board for the purpose of organizing the Authority and conducting the business thereof and for all other purposes, and all action shall only be taken by vote of a majority of the members of the Authority, unless in any case the by-laws shall require a larger number.
The board shall have full authority to manage the properties and business of the Authority, and to prescribe, amend, and repeal by-laws, rules, and regulations governing the manner in which the business of the Authority may be conducted, and the powers granted to it may be exercised and embodied and contract regulations which if adopted and promulgated a reasonable time prior to bidding and shall become a part of all contracts to which they apply whether set forth in such contracts or not if incorporated therein by reference. The board shall fix and determine the number of officers, agents, and employes of the Authority and their respective compensation and duties, and may delegate to one or more of their number as a committee or otherwise the exercise of such powers of the board in the interim between meetings of the board as the board may deem appropriate, or to one or more of said officers, agents, or employes such powers and duties as it may deem proper.
The board may take any action by the written consent of at least eleven (11) members of the board after notice to all and the failure of any member to request that the action be taken only at a meeting, provided that public announcement is made of the proposed action prior to requesting such written consent.
The itemization of capital projects for public improvement purposes to be financed by the incurring of debt and the statement of estimated financial costs shall not prevent the board of the authority from decreasing or increasing the amount to be expended on any one project as may be desirable subject to the limitations imposed by law upon the total amount of bonds that may be issued.
71 P.S. § 1707.7