2006 Louisiana Laws - RS 3:533 — Oath of office, conduct of business, etc.

§533.  Oath of office, conduct of business, etc.

Each member of the board of directors of a facility created hereunder, shall before entering upon the duties of his office, take the constitutional oath of office and file it in the office of the secretary of state. Five members of the board of directors of a terminal market facility and four members of the board of directors of an assembly market facility shall constitute a quorum for the transaction of business of the particular facility.  In each case the concurrence of a majority present at a meeting at which a quorum is present shall be necessary for the passage of any resolution, order, or determination.  The board of directors of either type of facility may appoint an executive committee and such other special committee as it deems proper.  Each board shall meet at least once each quarter during the fiscal year and during its first meeting of each fiscal year, shall choose a chairman and a treasurer by a majority vote of all directors.  The directors of a terminal or assembly market facility shall receive ten dollars for each meeting and shall be paid actual travel expenses not to exceed eight cents per mile.