(a) There is hereby established a public corporation for the purposes hereinafter specified, which corporation shall be vested with the powers conferred upon it by this part. The public corporation is at times hereinafter referred to as the authority.

(b) Subject to the conditions and qualifications hereinafter stated, the name of the corporation shall be Civic Center Authority of the City of Florence. The board of directors of the authority may choose some name other than that above specified at any time it elects to do so; provided, however, that if the board of directors chooses any other name there shall be filed for record in the office of the judge of probate of the county a copy of the resolution of the board of directors stating the name adopted by the authority, which resolution shall be followed by a certificate, signed by the chair of the board of directors, stating the date on which the resolution was adopted and stating that the copy of the resolution preceding the certificate is a true and correct copy of the resolution adopted by the board of directors.

(c) The affairs of the authority shall be managed and controlled by a board of directors consisting of five members. Three members shall be appointed by the city council for a period of four years and two members shall be appointed by the mayor for a period of five years. The chair of the board shall be elected by the board after all five members have been appointed and have qualified and shall serve as chair until the expiration of the term he or she is then currently serving as a member of the board.

(d) No person shall be appointed as a member of the board of directors of the authority unless he or she is a qualified elector of the municipality. The members of the board of directors shall serve without compensation except that they shall be reimbursed for actual expenses incurred in and about the performance of their duties hereunder.

(e) In case a directorship held by an appointed director becomes vacant during his or her term a successor to him or her shall be appointed in the same manner in which the person vacating the directorship was appointed. The successor shall be appointed for the remainder of the term during which the vacancy occurred; provided, however, that if a person is elected to any vacant directorship during the last six months of any term he or she shall be deemed appointed for the remainder of such term and for the next succeeding term of such directorship.