Board. — Guam Code § 10103

§ 10103. Board.

(a) The Authority shall be directed by the Board which shall consist

of five (5) directors appointed by the Governor with the advice and

consent of the Legislature.

(1) Directors shall be appointed and their names transmitted to

the Legislature within thirty (30) days of the effective date of this

Chapter.

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(2) The five (5) directors first appointed shall classify

themselves by lot so that their terms shall expire respectively as

follows:

(A) One (1) on December 31, 1976, Two (2) on June 30,

1977 and Two (2) on June 30, 1978.

(B) Their successors shall be appointed each for a term of

three (3) years to commence on the date of their confirmation

by the Legislature.

(3) Any director vacancy shall be filled by the Governor, with

the advice and consent of the Legislature, for the unexpired term.

(b) Any director may be removed upon charges, and after hearing,

by the Governor.

(c) Three (3) directors shall constitute a quorum of the Board and

three (3) affirmative votes are required for the transaction of all business.

(1) The Board shall meet in regular session at least once each

month and in special session as often as it may deem necessary.

(2) (A) The Board shall keep a minute book wherein all its

actions and proceedings shall be recorded.

(B) Minutes shall be signed by the Board Secretary and a

copy thereof shall be forwarded to the Governor within forty-

eight (48) hours following adjournment of each meeting.

(d) Directors shall be paid Fifty Dollars ($50.00) per meeting but

not to exceed One Hundred Dollars ($100.00) a month and shall be

reimbursed for actual travel, subsistence and out-of-pocket expenses

incurred in the discharge of their responsibilities.