[History: As amended by Res. # 03-024, enacted by the Economic
Development Corporation on October 7, 2003.]
All officers of the Corporation shall be appointed by the Board
of Directors annually, at the Regular Meeting of the Board of Directors
to be held immediately following the annual meeting of the shareholder,
to serve for a term ending on the next annual Regular Meeting, or
until such officers or their successors are duly elected and are qualified.
The initial term of any officer appointed at a different meeting,
or by consent of the Board, as provided herein, shall serve until
the next annual Regular Meeting of the Board of Directors.
All vacancies in any office shall be filled by the Board of
Directors without undue delay, at any regular meeting or at a meeting
specially called for that purpose, for the unexpired portion of the
term.
The General Counsel shall provide legal advice and opinions
on corporate matters of the Corporation and act as the legal representative
of the Corporation in all matters related to the management or litigation
conducted by the Corporation or filed against the Corporation.
The salaries or other compensation of the officers shall be
fixed from time to time by the Board of Directors.