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Session Laws, 1949
Volume 590, Page 850   View pdf image (33K)
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850 LAWS OF MARYLAND. [CH. 349

(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, provided
under Section 53 of this sub-title, for all necessary expenses
that they may incur through service on the Board.

(5) Each trustee shall, within ten days after his appoint-
ment or election, take an oath of office that so far as it de-
volves 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 pro-
visions of the law applicable to the retirement system. Such
oath shall be subscribed to by the member making it and
certified by the officer before whom it is taken, and imme-
diately filed in the office of the Secretary of State.

(6) Each trustee shall be entitled to one vote on the Board.
A majority of said Board shall constitute a quorum for the
transaction of any business, the exercise of any power, or
the performance of any duty authorized or imposed by this
sub-title.

(7) Subject to the limitations of this sub-title, the Board
of Trustees shall from time to time establish rules and regu-
lations for the administration of the funds created by this
sub-title and for the transaction of its business. The Board
of Trustees shall have power to require any officer, board or
commission of the State to furnish it, upon application and
without cost, certified copies of any record or papers in their
official custody, and to require the attendance of witnesses
and the production of papers, under summons, subpoena or
other process, before said Board when considered necessary
for the proper administration and enforcement of this sub-
title or of the regulation adopted pursuant thereto; and for
this purpose the said Board, or any member thereof, shall
have the right to administer oaths to such witnesses.

(8) The said Board may hold hearings when deemed neces-
sary in the performance of its duty, the hearings to be gov-
erned by the rules and regulations of the Board, and the
Board shall not be bound by technical rules of evidence.

(9) The Board of Trustees shall elect from its membership
a chairman and by a majority vote of all its members shall
appoint a secretary who may be, but need not be, one of its
members. It shall engage such actuarial and other services as
shall be required to transact the business of the retirement

 

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Session Laws, 1949
Volume 590, Page 850   View pdf image (33K)
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