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<br /> 1 (d) THE MEMBERS OF THE BOARD SHALL HOLD THEIR OFFICES FOR <br />e <br />2 TERMS OF FOUR YEARS AND UNTIL THEIR SUCCESSORS ARE ELECTED AND <br /> 3 QUALIFIED. A DIRECTOR MAY SERVE ONE OR MORE TERMS. <br /> 4. (2) (a) THE OFFICE OF A DIRECTOR SHALL BECOME VACANT WHEN <br /> 5 THE DIRECTOR CEASES TO RESIDE IN THE DISTRICT THAT SUCH DIRECTOR <br /> 6 REPRESENTS OR WHEN DECLARED 'I ACANTBY A MAJORITY VOTE OF ALL OF <br /> 7 THE MEMBERS OF THE BOARD WHEN A DIRECTOR HAS FAlLED TO ATTEND <br /> 8 TWO CONSECUTIVE REGULAR MEETINGS WITIIOUT HAVING BEEN EXCUSED <br /> 9 FROM ATTENDANCE BY THE PRESIDENT. IF A VACANCY OCCURS IN THE <br /> 10 OFFICE BY REASON OF DEATH, RESIGNATION, REMOVAL, OR OTHERWISE, IT <br /> 11 SHALL BE FILLED FOR THE REMAINDER OF THE UNEXPIRED TERM BY A <br /> 12 PERSON FROM THE DISTRICT THAT HAD BEEN PREVIOUSLY REPRESENTED <br /> 13 AND APPOINTED BY THE COUNTY COMMISSIONERS OF THE COUNTY IN <br />e 14 . WHICH THE VACANCY OCCURRED. <br />15 (b) ANY DIRECTOR APPOINTED SHALL SERVE UNTIL THE NEXT <br /> 16 DISTRICT ELECTION, AT WHICH TIME THE VACANCY SHALL BE FILLED BY <br /> 17 ELECTION FOR ANY REMAlNING UNEXPIRED PORTION OF THE TERM. <br /> 18 (3) DIRECTORS SHALL TAKE OFFICE ON THE FIRST MONDAY IN <br /> 19 DECEMBER. <br /> 20 (4) EACH DIRECTOR SHALL TAKE AN OATH OF OFFICE PURSUANT TO <br /> 21 SECTION 32-1-901, c.R.S. <br /> 22 37-49-104. Compensation of directors. THE DIRECTORS OF THE <br /> 23 DISTRICT SHALL RECEIVE AS COMPENSATION A SUM AS DETERMINED BY <br /> 24 SECTION 32-1-902, C.R.S., AND, IN ADDITION, THE DIRECTORS SHALL BE <br /> 25 ENTITLED TO THEIR ACTUAL IRA VELING AND TRANSPORTATION EXPENSES <br /> 26 WHEN AWAY FROM THEIR RESPECTIVE PLACES OF RESIDENCE ON DISTRICT <br />e 27 BUSINESS. <br /> <br />-7- <br /> <br />SB05-242 <br />