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02/04/00 04:~6 FA~ ~ <br /> <br />Gonsortium Agreement <br />West Piedmont Workforce Investment Area <br />Page 7 <br /> <br />4.05: TERMS OF OFFICE <br /> <br /> The term of office for BOARD members shall be two (2) years; and, members may be <br />· eligible for mappointment. The manner and method of staggering the term of office <br /> shall be set forth in the bylaws of the BOARD. <br /> <br />4.06: VOTING RIGHTS <br /> <br />Each BOARD member shall have one (1) equal vote on all matters before the BOARD. <br />Voting by proxy shall not be permitted* <br /> <br />4.07: OFFICERS <br /> <br />A Chair and Vice Chair shall be elected by and from the membership of the BOARD; <br />and, shall sewe for terms of one (:1) year, and, may be eligible for re-election for one <br />additional term of one year. Eligibility for election of both the Chair and Vice <br />Chair shall be limited to the Prim Sector Business categey of BOARD membership. <br /> <br />4.08: MEETINGS <br /> <br />The BOARD shall hold regular or called meetings at such times, dates, and places as <br />may be established in the by-laws of the BOARD. <br /> <br />4.09: BY-LAWS <br />The BOARD may adopt by-laws and such other rules or operational procedures as it <br />deems necessan/to govern its operations. <br /> <br />SECTION 5: ADMINISTRATION. <br /> <br />5.01: FISCAL AGENT <br />In order to facilitate and expedite the process of implementing the workforce <br />development system in the West Piedmont region, the CONSORTIUM shall make the <br />initial appointment of Fiscal Agent for both the CONSORTIUM and the BOARD. Future <br />appointment of the FISCAL AGENT shall be by the BOARD with the advice and <br />consent of the CONSORTIUM. Pursuant to the ACT, and the Agreement between the <br /> <br /> <br />