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<br />. t <br />," <br /> <br />meeting in the manner required for a meeting of the Board. <br /> <br />Section 9. Compensation of Directors. Directors, as such, shall not receive any <br />salary or compensation for their services as Directors; provided, that nothing contained <br />herein shall be construed to preclude any Director from receiving compensation which is <br />not excessive and which is at commercially reasonable rates for personal services <br />(rendered in other than a "Director" capacity) which are reasonable and necessary in <br />carrying out the Authority's purposes. <br /> <br />Section 1 O. Directors Reliance on Consultant Information. A Director shall not <br />be liable if while acting in good faith and with ordinary care, he relies on information, <br />opinions, reports, or statements, including financial statements and other financial data, <br />concerning the Authority or another person, that were prepared or presented by: <br /> <br />(a) one or more other officers or employees of the Authority; <br /> <br />(b) legal counsel, public accountants, or other persons as to matters the officer <br />reasonably believes are within the person's professional or expert <br />competence; or <br /> <br />(c) a committee of the Board of which the Director is not a member. <br /> <br />ARTICLE III <br /> <br />OFFICERS <br /> <br />Section 1. Titles and Term of Office. The officers of the Authority shall be a <br />chairperson of the Board, one or more vice chairpersons of the Board, a president, one or <br />more vice presidents, a secretary, a treasurer, and such other officers as the Board may <br />from time to time elect or appoint. One person may hold more than one office, except <br />that neither the Chairperson of the Board nor the President shall hold the office of <br />Secretary. The term of office for each officer (other than the Chairperson) shall be two (2) <br />years commencing with the date of the annual meeting of the Board at which each such <br />officer is elected. The Chairperson shall serve for the term designated by the Mayor of <br />the City. <br /> <br />All officers (other than the Chairperson and the President) shall be subject to <br />removal, with or without cause, at any time by a vote of a majority of the whole Board. <br /> <br />A vacancy in the office of any officer (other than the Chairperson and the <br />President) shall be filled by the Board. <br /> <br />Section 2. Powers and Duties of the Chairperson. The Chairperson shall be a <br />member of the Board and shall preside at all meetings of the Board. The Mayor of the <br /> <br />5 <br />