87.140. Administration vested in board of trustees--how appointed--vacancies--compensation--oath--voting.
Administration vested in board of trustees--howappointed--vacancies--compensation--oath--voting.
87.140. 1. The general administration and theresponsibility for the proper operation of the retirement systemshall be vested in a board of trustees of nine persons. Theboard shall be constituted as follows:
(1) The chief of the fire department of the city, exofficio;
(2) The comptroller or deputy comptroller of the city, exofficio;
(3) Two members to be appointed by the mayor of the city toserve for a term of two years;
(4) Three members to be elected by the members of theretirement system for a term of three years who shall be membersof the system and hold office only while members of the system;
(5) Two members who shall be retired firemen to be electedby the retired firemen of the city and who shall hold office fora term of three years.
2. If a vacancy occurs in the office of trustee, thevacancy shall be filled for the unexpired term in the same manneras the office was previously filled.
3. The trustees shall serve without compensation, but theyshall be reimbursed from the expense fund for all necessaryexpenses which they may incur through service on the board.
4. Each trustee shall, within ten days after hisappointment or election, take an oath of office before the clerkof circuit court of the city, that, so far as it devolves uponhim, he will diligently and honestly administer the affairs ofthe board and that he will not knowingly violate or willinglypermit to be violated any of the provisions of the law applicableto the retirement system. The oath shall be subscribed to by themember making it and certified by the clerk of circuit court andfiled in his office.
5. Each trustee shall be entitled to one vote on the board.Five votes shall be necessary for a decision by the trustees atany meeting of the board.
(L. 1943 p. 708 § 5, A.L. 1959 S.B. 314 § 86.493, A.L. 1980 H.B. 1139 & 1140, A.L. 1983 H.B. 694 & 171, A.L. 1993 H.B. 175)