Arkansas § 14-184-111 - Board of commissioners.

§ 14-184-111. Board of commissioners.

In the ordinance creating a central business improvement district, the governing body shall appoint a minimum of five (5) persons who shall be owners of real property in the district or officers or stockholders of a corporation owning real property within the district as commissioners who shall compose a board of commissioners for the district. In cities operating under a commission form of government, the mayor and city commissioners, by virtue of their offices, may be commissioners of each district and may compose the board of each district. At the initial meeting of commissioners, the governing body of the municipality shall divide randomly the commissioners into three (3) groups roughly equal in number. The first group of commissioners shall serve a term of two (2) years. The second group of commissioners shall serve a term of four (4) years. The third group of commissioners shall serve a term of six (6) years. Following the initial group of commissioners, all commissioners shall serve a term of six (6) years. The board of commissioners shall elect a chair and a secretary. All vacancies that may occur after the board shall have been organized shall be filled by the governing body. The vacating member shall serve, if possible, until a successor is appointed by the governing body of the municipality. If all places on the board shall become vacant or those appointed shall refuse or neglect to act or shall cease to have the qualifications required for their original appointment, new members shall be appointed by the governing body as in the first instance. The governing body shall have the power to remove the board or any member of it by a two-thirds (2/3) vote of the whole number of the members of the governing body. Removal shall be for cause only and after a hearing upon sworn charges preferred in writing by a property owner in the district. Ten (10) days' notice of the hearing on the charges shall be given. The governing body shall have the power to remove the board or any member of it by a vote of the majority of the whole number of the members elected to the governing body upon the written petition of the owners of a majority in assessed value of the property located within the district after a hearing upon ten (10) days' notice to each member of the board affected. The members of the board shall receive no compensation for their services but may be reimbursed for their actual expenses incurred in the performance of their duties.