40-1123. Officers and employees of authority

328 words·~1 min read·/az/title-40/40-1123

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. Officers of an authority may consist of the board of directors, and a general manager, a general counsel, a treasurer and a comptroller, as may be appointed by the board of directors to serve at the pleasure of the board. All other officers, deputies and employees shall be appointed by the board or its designee.

B. The oath of office of all officers appointed by the board of directors or by the general manager of the authority shall be taken, subscribed, and filed with the secretary of the authority any time after the officer has notice of his appointment but not later than fifteen days after the commencement of his term of office. No other filing shall be required.

C. The general manager shall serve full time.

D. The general counsel shall be a person admitted to practice law in the state of Arizona and shall have been engaged in the practice of law for not less than seven years next preceding his appointment.

E. The person appointed comptroller shall have been actively engaged in the practice of accounting for not less than three years next preceding his appointment.

F. The treasurer shall be the custodian of the funds of the authority and shall make payments only upon warrants duly and regularly signed by the president or vice president of the board or other person authorized by the board so to do, and by the secretary or general manager. The treasurer shall keep an account of all receipts and disbursements. The treasurer shall furnish, at the expense of the originating political subdivision or subdivisions, a bond in the amount of fifty thousand dollars.

The bond shall be conditioned upon the proper discharge of the powers and duties by the treasurer in accordance with the provisions of this article. The bond shall be approved by the attorney general and the board of directors of the authority and kept on file in the office of the board of directors.