Meetings; officers; rules; quorum
Sec. 3. Promptly after the fifteenth day of January of each year,
the board of managers shall hold a meeting for the purpose of
organization. They shall choose one (1) of their members president,
another vice-president, another secretary and another treasurer,
which officers shall perform the duties pertaining to those offices.
The officers shall serve from the date of their election until their
successors are elected and qualified. The members may adopt such
bylaws, rules and regulations as they deem necessary for the proper
conduct of their proceedings, the carrying out of their duties, and the
safeguarding of the funds and the property entrusted to their care. A
majority of the board of managers constitutes a quorum, and the
concurrence of a majority of the board of managers is necessary to
authorize any action.
As added by Acts of 1978, P.L.49, SEC.1.
Last modified: May 28, 2006