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ARTICLE III - MEETINGS <br /> Section 1. Annual Meeting. The annual meeting of the <br /> Authority shall be held on the } &anday ofJanuary at 7:00 <br /> o'clock p.m. at the regular meeting place of the Authority. <br /> In the event such date shall fall on a Sunday or a legal holi- <br /> day, the annual meeting shall be held on the next succeeding <br /> secular day. <br /> Section 2. Regular Meetings. Monthly meeting shall be <br /> held without notice at the regular meeting place of the Author- <br /> ity on the fiat Mopdav of each month, at 7:00 <br /> o'clock p.m. unless the same shall be a legal holiday, in <br /> which event said meeting shall be held on the next succeeding .. <br /> secular day. <br /> Section 3. Special Meetings. Special meetings of the <br /> Authority may be called by the Chairman, or two members of the <br /> Authority for the purpose of transacting any business designated <br /> in the call. The call for a special meeting may be delivered <br /> at any time prior to the time of the proposed meeting to each <br /> member of the Authority or may be mailed to the busines or <br /> home address of each member of the Authority at least two (2) <br /> days prior to the date of such special meeting. At such special <br /> meeing no business shall be considered other than as designated <br /> in the call, but if all of the members of the Authority are <br /> present at a special meeting, any and all business may be <br /> transacted at such special meeting. <br /> Section 4. Quorum. The powers of the Authority shall <br /> be vested in the Commissioners thereof in office from time <br /> to time. Three Commissioners shall constitute a quorum for <br /> the purpose of conducting its business and exercising its <br /> powers and for all other purposes, but a smaller number may <br /> adjourn from time to time until a quorum is obtained. When <br /> a quorum is in attendance, action may be taken by the Authority <br /> upon a vote of a majority of the Commissioners present. <br /> - 29 - <br />