The Board of Directors shall be the body vested with the powers granted to the Corporation. The Board shall consist of a minimum of thirteen (13) directors who are residents of the corresponding municipality.
(a) The initial members of the Board of Directors shall be appointed by the incorporators at their first meeting, under the following terms: one-third of the original members shall be appointed for a term of one year, another third for a term of three (3) years, and the remainder shall be appointed for a period of five (5) years each. Directors appointed subsequently, except those appointed by the mayor, shall hold office for terms of five (5) years and shall be appointed by the members of the Corporation or by the Board of Directors, in accordance with its corporate bylaws.
(b) Board members will remain in office until their successors are appointed and take office. In case of a vacancy, the successor will serve the unexpired of his predecessor’s term.
(c) Directors shall not receive salaries, compensation or remuneration of any kind for serving as such, nor for the work, duties or tasks performed for the Special Corporation.
However, board members may receive per diems in the nature of reimbursement for expenses incurred in the performance of their duties, subject to the amounts and conditions determined by the Board of Directors itself by vote of at least three-fourths of its members.
Board members may be reimbursed or advanced funds for training, travel expenses, lodging and meals incurred in any travel off-island to see to some matter or attend an official activity of the special corporation. The expenses for traveling, lodging and meals shall not be greater than those that correspond to any official executive branch of the municipal government who directs an administrative entity, pursuant to the regulations in force to such effects.
(d) Except as provided for § 4803(h) of this title, no municipal government employee or official shall be appointed or elected to the position of director.
(e) The directors, including those appointed by the mayor, may be removed from office before their term of office expires for dereliction of duties, negligence, improper conduct and incompetence in the performance of their responsibilities as a director, upon filing charges, with the opportunity to be heard, and with the vote of the absolute majority of the Board of Directors.
History —Aug. 30, 1991, No. 81, § 17.005; Apr. 13, 1995, No. 36, § 54; Sept. 7, 2004, No. 258, § 40.