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Board approving the admission, after being presented with the requisite ordinance adopted by such locality. 3. The Authority shall be governed by a board (the "Authority Board") consisting of two (2) board members from each Member Locality. Authority Board members shall be appointed by their respective Member Locality's governing body. Each governing body of each Member Locality may appoint up to two (2) alternate Authority Board members. Alternates shall be appointed for terms that coincide with one or more of the Authority Board Members from the Member Locality that appoints the alternate. If either Authority Board member for a Member Locality is not present at a meeting of the Authority, an alternate shall have all the voting and other rights of the Board member not present and shall be counted for the purpose of determining a quorum and all other purposes of that meeting. In the event that Member Localities shall enact an ordinance to join the Authority and are admitted upon the Authority Board approving the admission, the number of members of the Authority Board shall be increased by two (2) members for each additional Member Locality, with Authority Board members to be appointed in accordance with the criteria set forth above for initial Authority Board Members and alternates. Each member of the Authority Board shall serve for a term of four (4) years and may be reappointed for as many terms as the governing body from said Authority Board member's Member Locality desires. 4. The Authority Board shall have such authority and exercise such powers as are permitted by the Code of Virginia, the Agreement Creating Authority (as defined below), and in the Bylaws of the Authority Board. 5. The Authority Board shall elect from its membership a Chair, Vice Chair, Treasurer and Secretary for each calendar year. The Authority Board may also appoint an Executive Director and staff who shall discharge such functions as may be directed by the Authority Board. The Executive Director and staff may be paid from funds received by the Authority. 6. The Council authorizes approval, by appropriate execution by the City Manager of a Joinder to an agreement (the "Agreement Creating Authority") approved and adopted by the Member Localities whereby the Authority was established and further whereby the respective rights and obligations of the Member Localities with respect to the Authority, in accordance with the provisions of the Act, shall be set forth. The Agreement Creating Authority establishes (i) the terms for participation in the Authority by Member Localities and (ii) further describes the participation agreements (the "Participation Agreements") that the Authority may enter into with one or more Member Localities by which any projects and facilities allowed by the Act may be constructed, developed and operated. This authorization includes, but is not limited to, authority for the Council to approve, by ordinance, Participation Agreements by which Authority projects shall be constructed, developed and operated and which may be funded from this Council's