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Texas Statutes (Last Updated: January 4, 2014) |
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SPECIAL DISTRICT LOCAL LAWS CODE |
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Title 4. DEVELOPMENT AND IMPROVEMENT |
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Subtitle C. DEVELOPMENT, IMPROVEMENT, AND MANAGEMENT |
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Chapter 3886. PROSPER MANAGEMENT DISTRICT NO. 1 |
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Subchapter B. BOARD OF DIRECTORS |
Sec. 3886.056. INITIAL DIRECTORS
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(a) The governing body of the town shall appoint one initial director not later than the 90th day after the effective date of the Act creating the district.
(b) On or after the effective date of the Act creating the district, the owner or owners of a majority of the assessed value of the real property in the district may submit a petition to the governing body of the town requesting that the governing body appoint as additional initial directors the four persons named in the petition.
(c) If a petition described by Subsection (b) is not submitted to the governing body of the town not later than the 30th day after the effective date of the Act creating the district, the governing body shall appoint as initial directors four additional persons eligible under Section 3886.052.
(d) The four initial directors named in the petition described by Subsection (b) or appointed under Subsection (c) shall draw lots to determine which two directors shall serve two-year terms and which two directors shall serve four-year terms. The director appointed by the town under Subsection (a) shall serve a four-year term.
(e) This section expires September 1, 2013.