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Officials review HDA indenture, note mayor and clerk‑treasurer roles are automatic
Summary
Trustees reviewed the trust indenture that governs the HDA and were told the mayor serves as chair and the clerk‑treasurer as secretary/treasurer under the current document; members were advised they can amend the indenture later but should not act immediately.
Trustees spent substantial time reviewing the trust indenture and how it governs internal roles. The chair explained that under the indenture "the mayor will serve as the chair of this board" and that the clerk‑treasurer serves as secretary and treasurer; consequently, those posts are automatic unless the indenture is amended.
Members discussed the option of changing composition in the future (for example moving some seats to appointed positions) and were advised to consider amendments carefully. The chair recommended taking no immediate action and returning to the matter after trustees have had time to review the indenture and consult counsel.
