(A) A majority of the members of the Board of Trustees shall at all meetings constitute a quorum for the transaction of business pertaining to the Trust Fund or for any other purpose. For the passage of any motion, resolution, or measure involving the expenditures of money, five affirmative votes shall be necessary, and the votes shall be taken and recorded in the minutes by the Secretary of the Board.
(B) The Board shall have the power to make all necessary by-laws for meetings of the Trustees, the manner of members’ election, the collection of all monies, and other property due or belonging to the Fund, and all matters connected with the care, preservation, investment and disbursement of the Fund, and all other matters connected with the proper execution of the purposes and provisions of the law relating to the Trust Fund.
('75 Code, § 9.05) (Ord. CO-01-17, passed 8-27-01)