School City of East Chicago
Bylaws & Policies
 

0150 - ORGANIZATION

0151

Organizational Meeting

 
 

The School Board shall organize annually on or before July 15th at a meeting held in accordance with law. The meeting shall be called to order by the ranking officer of the preceding Board who shall serve as presiding officer until the election of a chairperson, who shall in turn serve until the election of a President.

 
 

I.C. 20-26-4-1

 

0151.1

Board of Finance for East Chicago School Corporation

 
 

The School Board shall establish a Board of Finance consisting of the members of the School Board. The Board of Finance shall elect a President and a Secretary from its membership. Each January, the School Board may determine whether or not a meeting of the Board of Finance is necessary.

 
 

The function of the Finance Board will be twofold. Its first responsibility will be to designate the depositories for the safekeeping of Corporation funds. Such depositories must be designated as public depositories by the State Board of Depositories and be located within the Corporation's boundaries except in circumstances outlined in State law.

   
 

The second function of the Board will be to review the Corporation's investment policy, practices, and portfolio. The Corporation's Treasurer shall provide the Board with a copy of the policy and practices as well as a written report that summarizes the investment activities during the previous year.

 
 

I.C. 5-13-7-5, 5-13-7-6, 5-13-8-9

 

0152

Officers

 
 

The Board shall elect from its members a President, Vice-President, and a Secretary all of whom are separate members.

 
 

The Board shall also appoint a Treasurer of the Board and of the Corporation who is not the Superintendent or a Board member.

 
 

Election of officers shall be by a majority of the full Board. Where no such majority exists on the first vote, a second vote shall be cast for the two (2) candidates who received the greatest number of votes.

 
 

I.C. 20-26-4-1

 
 

Officers shall serve for one (1) year and until their respective successors are elected and shall qualify. An officer may be removed for cause by a majority vote of the full Board. The Board shall fill a vacancy in either office within thirty (30) days of the occurrence of the vacancy.

 

0155

Committees

 
 

Committees appointed by the Board shall, when specifically charged to do so by the Board, conduct studies, make recommendations to the Board, and act in an advisory capacity, but shall not take action on behalf of the Board.

 
 

Meetings of Board-appointed committees shall be subject to the Open Door Law (I.C. 5-14-1.5, 5-14-1.5-2) and must abide by its provisions whenever a committee meets to receive information, deliberate, make recommendations, establish a policy, or make a decision.

© Neola 2006