- Alaska Statutes.
- Title 44. State Government
- Chapter 85. Alaska Municipal Bond Bank Authority
- Section 40. Officers, Quorum, and Meetings.
previous: Section 30
. Membership and Vacancies.
next: Section 50
. Bonding of Members.
AS 44.85.040. Officers, Quorum, and Meetings.
- (a) The directors shall elect one of their number as chairman. The directors shall elect a secretary and a treasurer who
need not be directors, and the same person may be elected to serve both as secretary and treasurer. The powers of the
bond bank authority are vested in the directors, and three directors of the bond bank authority constitute a quorum.
Action may be taken and motions and resolutions adopted by the bond bank authority at any meeting by the affirmative
vote of at least three directors. A vacancy in the directorship of the bond bank authority does not impair the right
of a quorum to exercise all the powers and perform all the duties of the bond bank authority.
- (b) The bond bank authority may meet and transact business by an electronic medium if (1) public notice of the time and
locations where the meeting will be held by an electronic medium has been given in the same manner as if the meeting
were held in a single location; (2) participants and members of the public in attendance can hear and have the same
right to participate in the meeting as if the meeting were conducted in person; and (3) copies of pertinent reference
materials, statutes, regulations, and audio-visual materials are reasonably available to participants and to the
public. A meeting by an electronic medium as provided in this subsection has the same legal effect as a meeting in
All content © 2008 by Touch
N' Go/Bright Solutions, Inc.
Note to HTML Version:
This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature
If any errors are found, please e-mail Touch N' Go systems at E-mail. We
hope you find this information useful.