62.1-202 - Appointment and duties of Executive Director. - Virginia Statutes

§ 62.1-202. Appointment and duties of Executive Director.

The Governor shall appoint an Executive Director of the Authority, who shallreport to, but not be a member of, the Board of Directors. The ExecutiveDirector shall serve as the ex officio secretary of the Board of Directorsand shall administer, manage and direct the affairs and activities of theAuthority in accordance with the policies and under the control and directionof the Board of Directors. He shall attend meetings of the Board ofDirectors, shall keep a record of the proceedings of the Board of Directorsand shall maintain and be custodian of all books, documents and papers of theAuthority, the minute book of the Authority and its official seal. He maycause copies to be made of all minutes and other records and documents of theAuthority and may give certificates under seal of the Authority to the effectthat the copies are true copies, and all persons dealing with the Authoritymay rely upon the certificates. He shall also perform other duties asinstructed by the Board of Directors in carrying out the purposes of thischapter. He shall execute a surety bond in a penalty sum determined by theBoard of Directors. The surety bond shall be executed by a surety companyauthorized to transact business in the Commonwealth and shall be conditionedupon the faithful performance of the duties of the office.

(1984, c. 699; 1994, c. 684.)