(1) The board of directors of Oregon Community Power shall meet at least once each month to conduct the business of the board.

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(2) A majority of board members shall constitute a quorum.

(3) The board shall select one of its members as chairperson.

(4) The board shall adopt bylaws establishing rules of procedure for board meetings and decisions.

(5) A member of the board shall be compensated as provided in ORS § 757.886 (12).

(6) The board, not later than April 15 of each year, shall file a report with the Governor and the Legislative Assembly. The report shall explain the activities and operations of Oregon Community Power for the preceding calendar year, including a summary of the audit described in ORS § 757.902. [2007 c.807 § 10]

See note under 757.812.

[1987 c.613 § 4; 1989 c.5 § 11; 1989 c.378 § 2; 1989 c.543 § 2; renumbered 759.195 in 1989]

(Acquisition of Incumbent Utility)