626 LAWS OF MARYLAND. [CH. 344

elected shall begin immediately following their election and
shall expire August 1, 1929, and August 1, 1931, respectively.

(3) If a vacancy occurs in the office of a trustee, the vacancy
shall be filled for the unexpired term in the same manner as
the office was previously filled.

(4) The trustees shall serve without compensation, but they
shall be reimbursed from the Expense Fund for all necessary
expenses that they may incur through service on the Board.

(5) Each trustee shall, within ten days after his appointment
or election, take an oath of office that, so far as it devolves upon
him he will diligently and honestly administer the affairs of
the said Board, and that he will not knowingly violate or
willingly permit to be violated any of the provisions of law
applicable to the retirement system. Such oath shall be sub-
scribed to by the member making it, and certified by the officer
before whom it is taken, and immediately filed in the office of
the Secretary of State.

(6) Each trustee shall be entitled to one vote in the Board.
Three votes shall be necessary for a decision by the trustees
at any meeting of said Board.

(7) Subject to the limitations of this subtitle the Board
of Trustees shall, from time to time, establish rules and reg-
ulations for the administration of the funds created by this
subtitle and for the transaction of its business.

(8) The Board of Trustees shall elect from its membership
a chairman and shall by a majority vote of all its members
appoint a secretary, who may be, but need not be, one of its
members. It shall engage such actuarial and other service as
shall be required to transact the business of the retirement
system. The compensation of all persons engaged by the
Board of Trustees, and all other expenses of the Board neces-
sary for the operation of the retirement system shall be paid
at such rates and in such amounts as the Board of Trustees
shall approve, and in accordance with appropriation made by
the General Assembly.

(9) The Board of Trustees shall keep in convenient form
such data as shall be necessary for actuarial valuation of the
various funds of the retirement system, and for checking the
experience of the system.

(10) The Board of Trustees shall keep a record of all its
proceedings which shall be open to public inspection. It shall
publish annually on or before the first day of January a report
showing the fiscal transactions of the retirement system for