Articles of Incorporation and Bylaws of the La Porte Redevelopment Authority (2)

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. e salary or compensation for their services as Directors; provided, that nothing contained herein shall be construed to preclude any Director from receiving compensation which is not excessive and which is at commercially reasonable rates for personal services (rendered in other than a "Dired:or" capacity) which are reasonable and necessary in carry- ing out the Authority's purposes. Section 10. Director's Reliance on Consultant Information. A Director shall not be liable if while acting in good faith and with ordinary care, he relies on information, opinions, reports, or statements, induding financial statements and other financial data, concerning the Authority or another person, that were prepared or presented by: (a) one or more other officers or employees of the Authority; (b) legal counsel, public accountants, or other persons as to matters the officer reasonably believes are within the person's professional or expert competence; or (c) a committee of the Board of which the Dired:or is not a member. ARTICLE III OFFICERS Section 1. TItles and Term of Office. The officers of the Authority shall be a chairperson of the Board, one or more vice chairpersons of the Board, a president, one or more vice presidents, a seaetary, a treasurer, and such other officers as the Board may from time to time elect or appoint. One person may hold more than one office, except that neither the Chairperson of the Board nor the President shall hold the office of Secretary. The term of office for each officer (other than the Chairperson) shall be two (2) years com- mencing with the date of the annual meeting of the Board at which each such officer is elected. The Chairperson shall serve for the term designated by the Mayor of the City. All officers (other than the Chairperson and the President) shall be subject to removal, with or without cause, at any time by a vote of a majority of the whole Board. A vacancy in the office of any officer (other than the Chairperson and the President) shall be filled by the Board. Section 2. Powers and Duties of the Chairperson. The Chairperson shall be a member of the Board and shall preside at all meetings of the Board. The Mayor of the City shall designate the Chairperson. He or she shall have such duties as are assigned by the Board. The Chairperson may call special or emergency meetings. of the Board. The Chairperson shall also serve as the President. 5