2-3-1: CREATED; APPOINTMENT AND ELECTION:
There is hereby created a board of trustees of the police pension fund to be composed of five (5) members. Of these members, two (2) shall be appointed by the village president, two (2) shall be elected from the regular police force by the active members thereof, and the fifth member shall be elected by and from among the beneficiaries of the police pension fund. (1978 Code § 2-7-1)