7-21-3426. Organization of board and conduct of business. (1) The board of directors shall meet at the place of business, established under 7-21-3427, during the month of December of each year and organize, electing a presiding officer, vice presiding officer, and secretary for the board.
     (2) Subsequent meetings must be held as may be found necessary for the conduct of the district fair.
     (3) The board of directors shall have power to employ a secretary, whom they may vest with managerial powers, and they shall also appoint a treasurer. The office of secretary may be combined with that of treasurer.
     (4) The board of directors shall see that:
     (a) all records and accounts are properly kept, supervised, and approved;
     (b) proper vouchers evidence all disbursements of money; and
     (c) the records are open to the public during the office hours determined by the governing body by resolution after a public hearing.

     History: En. Secs. 3, 4, Ch. 178, L. 1931; re-en. Secs. 4550.3, 4550.4, R.C.M. 1935; R.C.M. 1947, 16-1410(part), 16-1411(part); amd. Sec. 11, Ch. 249, L. 1979; amd. Sec. 5, Ch. 216, L. 1995.