HEALTH AND EDUCATIONAL FACILITIES BOARD


Established by Resolution Number 4-42-77 in accordance with Sec. 48-1901
of the Tennessee Code Annotated.  Authorization for the creation of the
Board was granted by City Council April 18, 1977.

Composition:  The Board of Directors consists of nine members appointed by
the City Council for six-year overlapping terms, three members being
elected every two years.  Officers of the board are elected annually from
among the directors and consist of a chairman, vice-chairman, treasurer and
secretary.  Five directors constitute a quorum.

General Powers and Duties:  The powers and duties of the Board are
prescribed by the Health and Educational Facility Corporations Act of
Tennessee.  These powers enable the Board to finance, acquire, own, lease
and/or dispose of properties to the end that the health and higher
education of the people will be promoted.  Bonds can be issued by the
Board.

Meetings:  Meetings are held as necessary.