(a) The board shall have the power and duty to:
(1) administer the welfare fund;
(2) adopt rules and regulations not inconsistent with the provisions of this chapter and the Constitution and laws of this state;
(3) receive private funds and donations as the public may desire to donate, with full authority to invest, re-invest, alter and change the funds of the welfare fund;
(4) disburse funds or its equivalent in kind to the qualified beneficiaries;
(5) appoint as administrator the administrator of the police and fire pension fund to carry out the business of the board and who shall be the custodian of the records of the fund and who shall serve without remuneration;
(6) make a final determination of the eligibility of a beneficiary for an award or grant-in-aid from the welfare fund;
(7) issue subpoenas for the attendance of witnesses and production of records, papers, or other objects, administer oaths to witnesses, and examine witnesses on any matter relating to an award or grant- in-aid from the welfare fund.
(b) No award, grant-in-aid, or expenditure shall be made from the welfare fund without the approval of the board.
(c) The board shall have complete discretionary authority to either grant or deny an award or grant-in- aid to a potential qualified beneficiary. (Ord. 16126)