.620 Valid signatures or facsimiles on bonds -- Quorum -- Meetings -- Bylaws -- Regulations.
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441.620 Valid signatures or facsimiles on bonds -- Quorum -- Meetings -- Bylaws --
Regulations.
(1)
If any of the officers of the authority whose signatures or facsimiles thereof appear
on any bonds of the authority or on any other instruments or documents pertaining
to the functions of the authority, shall cease to be such officers before delivery of
the bonds, or before the effective date or occasion of such instruments or
documents, the signatures, and facsimiles thereof, shall nevertheless be valid for all
purposes the same as if the officers had remained in office until such delivery or
effective date or occasion.
(2)
Any six (6) members of the authority shall constitute a quorum.
(3)
The authority shall meet not less than every six (6) months beginning no later than
sixty (60) days after KRS 441.605 to 441.695 shall become effective, and at such
other times as it may be called as provided in this section. Special meetings of the
authority may be called by the chairman, and upon written request of two (2)
members the chairman shall call a special meeting of the authority to be held not
later than twenty (20) days following receipt of the written request. The chairman
shall give notice through the secretary by certified mail, return receipt requested, to
each member of the authority at least ten (10) days prior to the time of any meeting,
unless all members of the authority waive notice in writing. The offices of the
authority shall be at the seat of state government.
(4)
The authority may adopt bylaws relating to its organization and internal
management, and may alter the same at will. Through its bylaws, or by resolution,
it shall establish stated times and places for regular meetings; and may adjourn the
same from time to time. If a quorum be present at any special meeting, and it shall
appear from the minutes that reasonable notice was given to absent members, or
waived by them, or the minutes subsequently consented to by them, any business
transacted or action taken thereat shall be as fully regular and official as if
transacted or taken at a regular meeting or an adjournment thereof.
(5)
The authority may adopt rules and regulations for the conducting of its business and
affairs, subject to the provisions of KRS Chapter 13A.
Effective: July 13, 1984
History: Amended 1984 Ky. Acts ch. 415, sec. 5, effective July 13, 1984. -- Created
1982 Ky. Acts ch. 235, sec. 4, effective July 15, 1982.