§5-10D-3. Board meetings; quorum; vote; proceedings; compensation.
(a) The board shall hold a meeting at least once each three
months, and shall designate the time and place of the meeting.
Seven voting trustees constitute a quorum at any meeting of the
board. Each member is entitled to one vote on each question before
the board. The board shall adopt its own rules of procedure and
shall keep a record of its proceedings. All meetings of the board
shall be public.
(b) The members shall serve as members without compensation
for their services as such: Provided, That each member shall be
reimbursed, upon approval of the board, for any necessary expenses
actually incurred by him or her in carrying out his or her duties.
No public employee member may suffer any loss of salary or wages on
account of his or her service as trustee.