(a) The powers of each authority shall be exercised by a board composed as follows: the board shall consist of such number of members not less than five as shall be set forth in the articles of incorporation or amendment thereto. Except in cities operating under a duly adopted charter, the governmental body of such municipality shall appoint the members of the board, whose terms of office shall commence on the date of appointment. One member shall serve for one year, one for two years, one for three years, one for four years and one for five years from the January first next succeeding the date of incorporation or amendment, and if there are more than five members of the board, their terms shall be staggered in a similar manner for terms of from one to five years from the January first next succeeding. Thereafter, whenever a vacancy has occurred or is about to occur by reason of the expiration of the term of any member, the said governmental body shall appoint a member of the board, except in cities operating under a duly adopted charter, for a term of five years from the date of expiration of the prior term to succeed the member whose term has expired or is about to expire. In cities operating under a duly adopted charter the members of the board shall be appointed and the members shall hold office in accordance with the provision of said charter.

(b) Members shall hold office until their successors have been appointed, and may succeed themselves. Members of the board of any authority organized or created pursuant to this act shall receive no compensation for their services, but shall be reimbursed for necessary traveling and other expenses incurred in the performance of their duties. Except in cities operating under a duly adopted charter where removal shall be in accordance with the said charter, a member may be removed with or without cause by the governmental body or by the appointing authority. If a vacancy shall occur by reason of the death, disqualification, resignation or removal of a member, a successor shall be appointed to fill his unexpired term in the manner provided in section 9(a).¹

(c) A majority of the members shall constitute a quorum of the board for the purpose of organizing the authority and conducting the business thereof and for all other purposes, and all action may be taken by a vote of a majority of the members present, unless in any case the bylaws shall require a larger number. The board shall have full authority to manage the properties and business of the authority and to prescribe, amend and repeal bylaws, rules and regulations governing the manner in which the business of the authority may be conducted, and the powers granted to it may be exercised and embodied. The board shall fix and determine the number of officers, agents and employes of the authority and their respective powers, duties and compensation and may appoint to such office or offices any member of the board with such powers, duties and compensation as the board may deem proper. The treasurer of an authority shall give bond in such sum as shall be approved by the board, the premium for which shall be paid by the authority.