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592%`, ORDINANCE NO. 592 AN ORDINANCE IN PURSUANCE OF THE AUTHORI'T'Y GRANTED BY THE LEGISLATBRJE OF THE STATE OF ARKANSAS IN ACT NO. 167 OF 1947; CREATING A PORT AUTHORITY OF THE CITY OF WEST MEMPHIS, ARKANSAS, AND FOR OTHER PURPOSES. WHEREAS, the City Council of the City of West Memphis, Arkansas, has determined that a port authority should be created for the City of West Memphis, Arkansas, and WHEREAS, the City Council of the City of West Memphis, has determined that said port authority shall be governed by the laws of the State of Arkansas pertaining to the establishment of port authorities within said State and set forth in Arkansas Sta- tutes Annontated 19-2701 and subsequent sections. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS, THAT: Section 1. There is hereby created under Act No. 167 of 1947 of the Acts of Arkansas, the West Memphis Port Authority which shall have such power and authority as specifically granted thereto by Arkansas Statutes 19-2701 and subsequent sections. Section 2. The West Memphis Port Authority shall be governed by a board of five members, one of whom shall be the Mayor of the City of West Memphis, Arkansas, and who shall be chairman of the board. The remaining four members of the West Memphis Port Authority shall be appointed by the Mayor of the City of West Memphis, Arkansas, and shall be qualified electors residing in the City of West Memphis, Arkansas. The members of the board shall be appointed for a period of one, two, three, four and five years respectively so that the term of one member shall expire each year ,~ . ~~ after the creation of said authority. Upon the termination of office of each member, his successor shall be appointed for a term of five years and shall serve until his successor shall have been appointed and qualified. In the event of a vacancy, however caused, the successor shall be appointed by the Mayor for the unexpired term. The board shall elect one of their number as vice-chairman, and shall elect a secretary and a treasurer, who need not necessarily be members of the board. The board shall meet upon the call of its chairman and a majority of all its mem- hers shall constitute a quorum for the transaction of business. Adopted this 6th day of February 1969. ,,~ --~- MAYOR Attest: - T__._--~ City Clerk