1979-043 - Laserfiche WebLink

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1 (2) The powers of each housing finance authority granted by this act shall be vested in the members of the housing finance authority in office from time to time. Three members shall constitute a quorum, and action may be taken by the housing finance authority upon a vote of a majority of the mem- bers present. A housing finance authority may employ such agents an6 em- ployees, permanent or temporary, as it may require and shall determine the qualifications, duties, and compensation of such agents and employees. A housing finance authority may delegate to an agent or employee such powers or duties as it may deem proper. A housing finance authority may employ its own legal counsel. (3) Until the members of the housing finance authority are appointed, the governing body of the county for which the housing finance authority is created and the chairman of the housing finance authority shall have full authority to carry out the powers of a housing finance authority under this act, provided, however, that the governing body shall not delegate its authority to the chairman under this provision. Except as provided in this section, no member of the housing finance authority may be an officer or em- ployee of the county for which the housing finance authority is created. Section 6. Conflicts of interest; disclosure. --No member or employee of a housing finance authority shall acquire any interest, direct or indirect, in any qualifying housing development or in any property included or planned to be included in such a development, nor shall he have any interest, direct or indirect, in any contract or proposed contract for materials or services to be furnished or used in connection with any qualifying housing development. If any member or employee of a housing finance authority owns or controls an in- terest, direct or indirect, in any property included or planned to be included in any qualifying housing project, he shall immediately disclose the same in writing to the housing finance authority. Such disclosure shall be entered upon the minutes of the housing finance authority. Failure so to disclose such interest shall constitute misconduct in office. Section 7. Removal of members. --A member of a housing finance authority may be removed without cause by a 3/5 vote of the governing body of the county, or for neglect of duty or misconduct in office by a majority vote of the governing body of the county. A member may be removed only after he has been given a copy of the charges at least 10 days prior to the hearing thereon and has had an opportunity to be heard in person or by counsel. If a memhPr is removed, a record of the proceedings, together with the charges and