§ 22-3-1003 - Secretary of Stadium Commission. - Arkansas Statutes

22-3-1003. Secretary of Stadium Commission.

(a) The Chair of the Stadium Commission, by and with the advice and consent of the other members, shall appoint the Secretary of the Stadium Commission, but the secretary shall have no vote on questions coming before the Stadium Commission.

(b) The secretary of the commission shall be its disbursing agent and executive officer and shall administer the provisions of this subchapter and the rules, regulations, and orders established thereunder.

(c) The commission may, by resolution duly adopted, delegate to the secretary any of the powers or duties vested in or imposed upon it by this subchapter, and until such resolution shall subsequently have been modified or rescinded, such delegated powers and duties may be exercised by the secretary in the name of the commission.

(d) The secretary shall receive as compensation for his or her services such salary as may, from time to time, be fixed by the commission, and, in fixing the amount of the salary, the commission shall take into consideration the responsibilities of the office and the amount of time required in the secretary's performance of his or her official duties.

(e) (1) The secretary shall furnish bond to the State of Arkansas in such amount as shall be fixed by the commission.

(2) The bond shall be executed by the secretary, as principal, and with a corporate guaranty or indemnity company, as surety, and shall be conditioned that the secretary will faithfully perform the duties of his or her office and properly account for all funds received and disbursed by him or her.

(3) The premium on the bond shall be a proper charge against the funds under the control of the commission.