1. Number. The District shall be governed by a Board of Directors (the“Board”) consisting of seven (7) Directors (the “Directors”).
2. Qualifications. Each Director must meet the following requirements:(a) be at least 18 years of age; (b) be and must declare to be either an owner of real property (“Owner”) within the District, an owner of a business (“Operator”) operating within the District, or a registered voter residing within the District (“Resident”), as provided in the Act; and (c) except for the initial Directors named in this Petition, be nominated pursuant to a slate submitted by the Board to the Mayor of the City and the City Council pursuant to the nominating procedures set forth below.
3. Board Representation. In order to ensure a fair representation of the District, the Board representation shall meet the following requirements: (a) at least 2 of the Directors shall be Owners; (b) at least 2of the Directors shall be Operators.