Consenting to Inlusion of Properties Within the City's Jurisdiction in the California Home Finance Authority Program

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that less luau a quorum may act to adiount a meeting. Itch Delelntte shell have ouc vole C. Mectihigs stay be held at ally location desigtuued in notice properly gimi Fur a nrectihu; and may he conducted by tclephoaic or similar mcuis in any manner ol.ltervvise allowed by law. 9. OLGcerr Duties; Official Bonds a. The Board shall elect it chair and vice chair from among die Delegates at the Board's umttal mcctng who shall serve it term of ouc (f ) year or until their respective successor is elected. The chair shall conduct die meetings or the Board and perfornh such other duties as may lie slrccified by resolution of tike Board. The vice chair slhall perform such duties ill tic absentee or ill due ero:ut of the mcuailability cif due chair. b. 'rite Board shalt contract annually ivith RCRC to administer the Agreement and to provide administrative services to the Authority, and the President and Chief Executive Officer of RCRC shall Serve es ollicio as Executive Director, secretary, Treasurer, and Auditor of die Authority. As chief executive of the Authority, the Executive Director is authorized to execute coutrau•ts ail other abtiiruious of the Authority, unless prior Board approval is required by a third party, by law or by Board specification, and to perform otter duties specified by the Board. The Executive Director niay appoint such other oflicers as May be required for the orderly conduct of the Authority's business all a0'airs who shall serve at the pleasure of the Executive Director. Subject to the appticahte provisions of arty iudeuture or resolution providing fora trustee or other fiscal agent, die %;xecutivc Director, as Treasurcr, is designated as the custodian of die Authority's (iutds, from vvliatever source, and, as such, shall have the powers, duties and responsibilities specified in Section 6505.5 or the Act. 'rite i :xecutfve Director, as Auditor, shall have the powers, duties and responsibilities specified in Section 6.505.5 of the Act. C. Ilie Leoslatvc Advocate fiir the Authority shall be the Rur.21 County Representatives of California. d. The Treasurer aid Auditor are public officers who have charge of, hamdlc, or have access to all property of rte Authority, and a bond fix such officer ill die amount of at least out., hundred thousand dollars (S10o,o00.00) shall be obtained at the expeuse: of die Authority and filed with the Executive Director. Such bond may secure the fividdil perlor sauce of such officer's duties with wstcct to amother public office if such bond ill at least the Sallie autouut specifically tueutious the offfec of the Authority as required hcwiu. The Treasurer utd Auditor shalt curse periodic iudepeudent audits to be made of the Authority's books by it certified public accounCUtl, or public urouutaut, in compliatice with Section 650.5 of the Act. C. The business cal' the Authority shall be conducted under file supervision of ate Executive Director by RCRC personnel. 10. Executive Cotnminee of the Authority I Collln0lillnll Resolution No, 2015 -045 Page 10 of 16