There is established a Board of Trustees of the Police Pension Fund, which shall be known as the “Board of Trustees of the Police Pension Fund” of the city. The Pension Board shall consist of five members who are residents of the city, two appointed by the Mayor and two elected by the members of the Police Department, and one elected by the beneficiaries of the Pension Fund. The elections shall be held on the third Monday in April and the term of each member shall be two years. The Pension Board shall hold at least quarterly meetings as provided by law, on the second Tuesday of July, October, January and April of each year, and shall hold such additional meetings as may be called by the President of the Pension Board.
(Prior Code, § 33.56)