CHAPTER 319
An Act to amend and reenact §§ 2 and 3 of the first enactment of Chapter 306 of the Acts of Assembly of 1986, relating to The Miller School of Albemarle.
Approved April 1, 2002
Be it enacted by the General Assembly of Virginia:
1. That §§ 2 and 3 of the first enactment of Chapter 306 of the Acts of Assembly of 1986 are amended and reenacted as follows:
§ 2. The Miller School of Albemarle shall be governed by a Board of Trustees
consisting of nine fifteen members. Five members shall be appointed by the
Governor of Virginia subject to confirmation by the Senate and the House of
Delegates, two five members shall be appointed by the Judge of the Circuit
Court of Albemarle County, and two five members shall initially be elected by
the other seven members of the Board. Thereafter the two board-elected members
shall be elected by the entire Board according to its bylaws.
Of the initial five members appointed by the Governor, three shall be for terms
of four years and two shall be for terms of three years; the initial terms of the
two members appointed by the judge shall be for two years; and the initial terms of
the two board-elected members shall be for one year. The initial terms shall
commence on July 1, 1986. Thereafter All appointments and elections shall be
for four years except appointments and elections to fill vacancies which shall be for the
unexpired term of the vacancy.
No member shall be eligible to serve more than three consecutive four-year terms.
§ 3. The Board shall hold legal title to all assets of the Corporation,
including the Miller Fund. It shall select one or more strong well-known banks or
trust companies doing business in the Commonwealth as a depository for such
assets, and it shall select one or more financial institutions doing business
in the Commonwealth as an advisor for investments.