The board shall schedule and hold regular meetings and may hold special meetings at the call of the chairperson or a majority of the directors. The board shall keep and record minutes for each meeting. A majority of the board constitutes a quorum, and a majority of those present at any meeting with a quorum may act, except as described below. Directors may not vote by proxy and may request a roll call vote on any action. Under this Division, a majority of all directors is required to: Adopt, amend, or repeal bylaws; Hire or fire employees and contractors, unless such authority is delegated by the board to an officer. Incur debt; Adopt or amend the Authority's annual budget; and Sell, lease, encumber, or alienate any real or personal property valued at more than $50,000. A two-thirds (2/3) majority of all directors is required to dissolve the Authority. As a public body, the board shall comply with the Maryland Open Meetings Act and the Maryland Public Information Act.