(A) There is created a Police Pension Board as provided by ILCS Ch. 40, Act 5 § 3-128.
('77 Code, § 33.105)
(B) The Board shall consist of five members, two of whom shall be appointed by the Village President, two elected from the active participants of the Pension Fund by such active participants, and one elected by the beneficiaries of the Pension Fund. The elections shall be held on the third Monday of April, and the term of each member shall be two years. The Pension Board shall meet at least quarterly as provided by law, and shall hold such additional meetings as may be called by the President.
('77 Code, § 33.106) (Ord., passed 9-15-58)