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the Commissioners, including files of the minutes, publications of <br />meetings, and meeting agendas. The Secretary shall also perform such <br />functions as may be deemed necessary by the Chao. <br />3.5) Executive Director -The Authority shall appoint an Executive Director <br />and such other staff, permanent and temporary, that it deems necessary= <br />to carry out the business of the Authority. The Executive Director shall <br />have the duties and responsibilities delegated by these by-lave=s and as <br />assigned by the Authority. <br />ARTICLE 4. <br />QUORUI~Z AND VOTING <br />4.1) uorum - .4 majority of the Commissioners in office at any time shall <br />constitute a quorum for all purposes. In the case a quorum is not present <br />at any meeting, those present shall have the power to adjourn the <br />meeting, R=ithout notice or other announcement at the meeting, until the <br />requisite number of Commissioners is present, and business ~=hich might <br />have been transacted at the meeting ~~c=hich was adjourned may be <br />transacted at such reconvened meeting. <br />4.2) Voting - In addition to a quorum being required for each meeting of the <br />Authority in order to transact business, a majority of all of the <br />Commissioners shall be required to approve any matter before the <br />Commissioners. <br />ARTICLE 5. <br />FINANCE AND CONTR4CTS <br />5.1) Fiscal Year -The calendar year shall be the fiscal year of the Authority <br />for general and administrative purposes; provided, how=ever, that other <br />fiscal years may be established by resolution as required or desirable for <br />specific purposes or undertakings of the Authority. <br />5.2) Budget -The folio«=ing budgetary proceedings shall apply to the <br />transaction of business by the Authority: <br />(01) A budget shall be prepared by the Executive Director. This budget <br />shall be presented to the Commissioners of the Authority for <br />consideration in August of each year. <br />(02) The budget shall include estimated revenues and the source of <br />revenues, the costs of the projects for the ensuing year, and the estimated <br />costs for staff personnel, as vc=ell as the general administrative and <br />overhead costs estimated for the ensuing year, and a proposed levy. <br />4 <br />