A. Creation; Members. There is created a Foreign Fire Insurance Board for the Village, consisting of seven members who shall be selected and shall exercise powers as designated in this chapter, consistent with applicable state statutes.
B. Compensation. No member of the Board shall be compensated for serving on the Board.
(MC-10-2009, Amended, 09/15/2009; MC-6-2008 § 2, Amended, 10/07/2008)