Okla. Stat. tit. 74, § 74-5062.7
This is the official text of Okla. Stat. tit. 74, § 74-5062.7, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
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President - Appointment - Powers and duties
Official statutory text
A. The board of directors of the Oklahoma Development Finance
Authority shall appoint a president who shall direct and supervise
the administrative affairs and the general management of the
Authority. The board shall establish criteria for selecting the
president taking into consideration national standards for similar
positions in similar institutions in other states. The search for
the president shall be conducted pursuant to the criteria so
established. The president's salary shall be set by the board of
directors. The board may appoint the same person who is serving as,
or is appointed to be, the chief executive officer or president of
the Oklahoma Industrial Finance Authority. The board is authorized
to pay the full salary of the president or may agree to share in
this expense with the Oklahoma Industrial Finance Authority.
B. The president:
1. May employ and terminate such other officers and employees
as designated by the board of directors, including, if necessary,
legal counsel;
2. Shall attend board meetings;
3. Shall appoint a secretary to keep a record of all
proceedings and maintain and be custodian of all financial and
operational records, documents and papers filed with the Authority
and of the minute book of the Authority; and
4. Shall perform other duties directed by action of the board
of directors of the Authority in carrying out the purposes of this
act.
Authority shall appoint a president who shall direct and supervise
the administrative affairs and the general management of the
Authority. The board shall establish criteria for selecting the
president taking into consideration national standards for similar
positions in similar institutions in other states. The search for
the president shall be conducted pursuant to the criteria so
established. The president's salary shall be set by the board of
directors. The board may appoint the same person who is serving as,
or is appointed to be, the chief executive officer or president of
the Oklahoma Industrial Finance Authority. The board is authorized
to pay the full salary of the president or may agree to share in
this expense with the Oklahoma Industrial Finance Authority.
B. The president:
1. May employ and terminate such other officers and employees
as designated by the board of directors, including, if necessary,
legal counsel;
2. Shall attend board meetings;
3. Shall appoint a secretary to keep a record of all
proceedings and maintain and be custodian of all financial and
operational records, documents and papers filed with the Authority
and of the minute book of the Authority; and
4. Shall perform other duties directed by action of the board
of directors of the Authority in carrying out the purposes of this
act.
Status: in_force · Read it on the official government site
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